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

VinFast Auto Ltd. (NASDAQ:VFSWW) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 1,583 shares, a growth of 155.7% from the February 26th total of 619 shares. Based on an average trading volume of 1,305 shares, the days-to-cover ratio is currently 1.2 days.

VinFast Auto Stock Performance

VFSWW stock remained flat at $0.17 on Thursday. 667 shares of the company traded hands, compared to its average volume of 2,932. VinFast Auto has a 52 week low of $0.11 and a 52 week high of $0.40. The company has a 50-day moving average of $0.14 and a 200-day moving average of $0.18.

Institutional Investors Weigh In On VinFast Auto

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

About VinFast Auto

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.