VinFast Auto Ltd. (NASDAQ:VFSWW – Get Free Report) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 2,427 shares, a decrease of 56.0% from the April 30th total of 5,511 shares. Based on an average trading volume of 5,800 shares, the short-interest ratio is currently 0.4 days.
VinFast Auto Trading Up 2.6%
Shares of VFSWW stock traded up $0.01 during trading hours on Friday, hitting $0.37. 4,275 shares of the company were exchanged, compared to its average volume of 15,472. VinFast Auto has a 1 year low of $0.11 and a 1 year high of $0.58. The firm has a fifty day moving average of $0.38 and a 200 day moving average of $0.23.
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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