VinFast Auto Ltd. (NASDAQ:VFSWW – Get Free Report) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 619 shares, a decline of 33.7% from the February 12th total of 933 shares. Based on an average daily volume of 1,204 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 1,204 shares, the short-interest ratio is presently 0.5 days.
Hedge Funds Weigh In On VinFast Auto
An institutional investor recently raised its position in VinFast Auto stock. Wolverine Asset Management LLC raised its position in VinFast Auto Ltd. (NASDAQ:VFSWW – Free Report) by 100.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 167,476 shares of the company’s stock after acquiring an additional 84,081 shares during the period. Wolverine Asset Management LLC’s holdings in VinFast Auto were worth $35,000 at the end of the most recent reporting period.
VinFast Auto Stock Performance
VinFast Auto stock opened at $0.13 on Friday. The business has a 50 day simple moving average of $0.14 and a 200-day simple moving average of $0.18. VinFast Auto has a 12 month low of $0.11 and a 12 month high of $0.40.
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.
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