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

VinFast Auto Ltd. (NASDAQ:VFSWW) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 912 shares, an increase of 47.6% from the December 15th total of 618 shares. Based on an average daily volume of 5,008 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 5,008 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On VinFast Auto

An institutional investor recently raised its position in VinFast Auto stock. Wolverine Asset Management LLC lifted its stake in shares of VinFast Auto Ltd. (NASDAQ:VFSWW) by 100.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 167,476 shares of the company’s stock after purchasing an additional 84,081 shares during the quarter. Wolverine Asset Management LLC’s holdings in VinFast Auto were worth $35,000 as of its most recent SEC filing.

VinFast Auto Price Performance

Shares of VFSWW traded down $0.01 during trading hours on Friday, hitting $0.15. The company’s stock had a trading volume of 11,300 shares, compared to its average volume of 5,025. The business has a 50 day simple moving average of $0.18 and a two-hundred day simple moving average of $0.22. VinFast Auto has a 52-week low of $0.13 and a 52-week high of $0.49.

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.