Microvast Holdings, Inc. (NASDAQ:MVSTW) Short Interest Down 42.9% in June

Microvast Holdings, Inc. (NASDAQ:MVSTW) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 20,848 shares, a drop of 42.9% from the June 15th total of 36,533 shares. Based on an average daily trading volume, of 128,294 shares, the days-to-cover ratio is presently 0.2 days.

Microvast Stock Performance

Shares of NASDAQ:MVSTW traded down $0.00 during mid-day trading on Friday, hitting $0.00. 310,437 shares of the company traded hands, compared to its average volume of 117,001. Microvast has a 52-week low of $0.00 and a 52-week high of $0.65. The firm’s 50 day simple moving average is $0.01 and its 200 day simple moving average is $0.04.

About Microvast

Microvast Inc is a global developer and manufacturer of advanced lithium-ion battery technologies and energy storage solutions. The company specializes in designing, testing and producing fast-charging battery cells, modules and packs that serve a variety of industries, including electric buses, commercial trucks, passenger vehicles, micro-mobility devices, stationary storage systems and specialty applications. Microvast’s battery systems are engineered for high power density, rapid charge-discharge cycles and extended cycle life, catering to markets that require reliable performance in demanding conditions.

The company’s product suite encompasses individual battery cells, modular assemblies, fully integrated battery packs and proprietary battery management systems (BMS).