Microvast Holdings, Inc. (NASDAQ:MVSTW) Short Interest Up 255.4% in April

Microvast Holdings, Inc. (NASDAQ:MVSTW) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 130,800 shares, an increase of 255.4% from the March 31st total of 36,800 shares. Based on an average daily trading volume, of 85,300 shares, the days-to-cover ratio is currently 1.5 days.

Microvast Price Performance

NASDAQ:MVSTW remained flat at $0.04 during mid-day trading on Thursday. 324,367 shares of the company traded hands, compared to its average volume of 81,297. The stock’s 50 day moving average is $0.07 and its 200 day moving average is $0.11. Microvast has a 12-month low of $0.03 and a 12-month high of $0.40.

Microvast Company Profile

Microvast Holdings, Inc provides battery technologies for electric vehicles and energy storage solutions. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, and nickel manganese cobalt version 1 and 2. It also designs, develops, and manufactures battery components, such as cathode, anode, electrolyte, and separator.