Short Interest in Microvast Holdings, Inc. (NASDAQ:MVSTW) Expands By 31.6%

Microvast Holdings, Inc. (NASDAQ:MVSTW) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 8,684 shares, an increase of 31.6% from the November 30th total of 6,600 shares. Based on an average trading volume of 107,216 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 107,216 shares, the days-to-cover ratio is currently 0.1 days.

Microvast Trading Down 9.9%

MVSTW traded down $0.01 during midday trading on Tuesday, hitting $0.09. The company had a trading volume of 320,553 shares, compared to its average volume of 132,635. The stock’s 50 day moving average price is $0.25 and its 200 day moving average price is $0.26. Microvast has a 52 week low of $0.07 and a 52 week high of $0.65.

Microvast (NASDAQ:MVSTW) last issued its earnings results on Tuesday, May 9th. The company reported ($0.10) EPS for the quarter. The firm had revenue of $36.67 million during the quarter.

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).