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

VinFast Auto Ltd. (NASDAQ:VFSWWGet Free Report) saw a large decrease in short interest in February. As of February 27th, there was short interest totaling 619 shares, a decrease 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.

VinFast Auto Trading Up 3.4%

VFSWW stock traded up $0.00 during mid-day trading on Friday, reaching $0.14. The company’s stock had a trading volume of 2,300 shares, compared to its average volume of 3,242. The business’s 50 day moving average price is $0.15 and its 200 day moving average price is $0.18. VinFast Auto has a 12 month low of $0.11 and a 12 month high of $0.40.

Institutional Trading of VinFast Auto

An institutional investor recently raised its position in VinFast Auto stock. Wolverine Asset Management LLC increased its stake in VinFast Auto Ltd. (NASDAQ:VFSWWFree Report) by 100.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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

(Get Free Report)

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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