VinFast Auto Ltd. (NASDAQ:VFSWW) Short Interest Up 61.4% in February

VinFast Auto Ltd. (NASDAQ:VFSWW) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 933 shares, an increase of 61.4% from the January 29th total of 578 shares. Based on an average daily volume of 2,385 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 2,385 shares, the short-interest ratio is currently 0.4 days.

VinFast Auto Trading Up 4.7%

Shares of VinFast Auto stock opened at $0.16 on Friday. VinFast Auto has a 1 year low of $0.11 and a 1 year high of $0.40. The firm’s 50-day moving average is $0.15 and its 200 day moving average is $0.19.

Institutional Trading of VinFast Auto

An institutional investor recently raised its position in VinFast Auto stock. Wolverine Asset Management LLC increased its position in VinFast Auto Ltd. (NASDAQ:VFSWW) by 100.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 167,476 shares of the company’s stock after buying an additional 84,081 shares during the period. Wolverine Asset Management LLC’s holdings in VinFast Auto were worth $35,000 at the end of the most recent quarter.

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.