Microvast Holdings, Inc. (NASDAQ:MVSTW) Sees Large Decline in Short Interest

Microvast Holdings, Inc. (NASDAQ:MVSTW) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 4,523 shares, a decline of 47.0% from the December 31st total of 8,538 shares. Based on an average daily volume of 107,037 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 107,037 shares, the short-interest ratio is presently 0.0 days.

Microvast Stock Down 5.5%

Shares of MVSTW stock traded down $0.00 on Friday, hitting $0.08. 37,848 shares of the stock were exchanged, compared to its average volume of 115,237. Microvast has a fifty-two week low of $0.05 and a fifty-two week high of $0.65. The business has a 50-day moving average of $0.14 and a 200 day moving average of $0.22.

About Microvast

Microvast Inc is a global developer and manufacturer of advanced lithium-ion battery technologies and energy storage solutions. The company specializes in designing, testing and producing fast-charging battery cells, modules and packs that serve a variety of industries, including electric buses, commercial trucks, passenger vehicles, micro-mobility devices, stationary storage systems and specialty applications. Microvast’s battery systems are engineered for high power density, rapid charge-discharge cycles and extended cycle life, catering to markets that require reliable performance in demanding conditions.

The company’s product suite encompasses individual battery cells, modular assemblies, fully integrated battery packs and proprietary battery management systems (BMS).