VinFast Auto Ltd. (NASDAQ:VFSWW) Short Interest Up 155.7% in March

VinFast Auto Ltd. (NASDAQ:VFSWW) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 1,583 shares, a growth of 155.7% from the February 26th total of 619 shares. Based on an average trading volume of 1,305 shares, the days-to-cover ratio is presently 1.2 days. Based on an average trading volume of 1,305 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On VinFast Auto

A hedge fund recently raised its stake in VinFast Auto stock. Wolverine Asset Management LLC grew its position in shares of VinFast Auto Ltd. (NASDAQ:VFSWW) by 100.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 167,476 shares of the company’s stock after buying an additional 84,081 shares during the quarter. Wolverine Asset Management LLC’s holdings in VinFast Auto were worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

VinFast Auto Trading Down 5.6%

Shares of NASDAQ:VFSWW opened at $0.17 on Wednesday. VinFast Auto has a 1 year low of $0.11 and a 1 year high of $0.40. The business has a fifty day simple moving average of $0.14 and a 200 day simple moving average of $0.18.

VinFast Auto Company Profile

VinFast Auto Pte. Ltd., a subsidiary of Vietnam’s Vingroup JSC, is the nation’s first major automotive manufacturer and a rapidly growing player in the global electric vehicle (EV) market. Founded in 2017 and headquartered in Hai Phong, Vietnam, the company was established with the ambition of designing, developing and producing passenger vehicles that meet international quality and safety standards. VinFast has leveraged Vingroup’s financial and industrial backing to bring its first models to market within a remarkably short timeframe, positioning itself as a pioneer among new-generation EV brands.

The company’s core business revolves around the design, engineering, production and sale of EVs, including sport utility vehicles and electric buses.