Short Interest in Microvast Holdings, Inc. (NASDAQ:MVSTW) Increases By 47.2%

Microvast Holdings, Inc. (NASDAQ:MVSTW) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 6,660 shares, an increase of 47.2% from the January 15th total of 4,523 shares. Based on an average daily volume of 122,932 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 122,932 shares, the days-to-cover ratio is presently 0.1 days.

Microvast Stock Performance

Shares of MVSTW traded down $0.01 on Friday, reaching $0.06. The company’s stock had a trading volume of 101,331 shares, compared to its average volume of 96,744. The stock’s 50 day simple moving average is $0.11 and its two-hundred day simple moving average is $0.20. Microvast has a 12-month low of $0.05 and a 12-month high of $0.65.

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).