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

VinFast Auto Ltd. (NASDAQ:VFSWW) was the target of a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 3,000 shares, a drop of 36.2% from the July 31st total of 4,700 shares. Based on an average daily trading volume, of 16,400 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On VinFast Auto

A hedge fund recently bought a new stake in VinFast Auto stock. Wolverine Asset Management LLC purchased a new stake in shares of VinFast Auto Ltd. (NASDAQ:VFSWW) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 56,765 shares of the company’s stock, valued at approximately $28,000.

VinFast Auto Trading Up 5.3 %

VFSWW stock traded up $0.02 during midday trading on Thursday, reaching $0.47. 1,518 shares of the company’s stock traded hands, compared to its average volume of 24,710. The company has a 50-day simple moving average of $0.50 and a two-hundred day simple moving average of $0.59. VinFast Auto has a 1-year low of $0.38 and a 1-year high of $10.00.

About VinFast Auto

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.