VinFast Auto Ltd. (NASDAQ:VFSWW) Sees Significant Increase in Short Interest

VinFast Auto Ltd. (NASDAQ:VFSWW) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 618 shares, a growth of 98.1% from the November 30th total of 312 shares. Based on an average trading volume of 8,353 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 8,353 shares, the short-interest ratio is currently 0.1 days.

VinFast Auto Trading Up 5.7%

VFSWW opened at $0.14 on Friday. VinFast Auto has a one year low of $0.14 and a one year high of $0.50. The business’s 50-day simple moving average is $0.18 and its 200-day simple moving average is $0.23.

Institutional Investors Weigh In On VinFast Auto

An institutional investor recently raised its position in VinFast Auto stock. Wolverine Asset Management LLC grew its position in VinFast Auto Ltd. (NASDAQ:VFSWW) by 100.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,476 shares of the company’s stock after acquiring an additional 84,081 shares during the quarter. Wolverine Asset Management LLC’s holdings in VinFast Auto were worth $35,000 at the end of the most recent reporting period.

About VinFast Auto

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.