VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 2,480,000 shares, a decline of 16.2% from the November 30th total of 2,960,000 shares. Currently, 5.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 934,400 shares, the days-to-cover ratio is currently 2.7 days.
Institutional Investors Weigh In On VinFast Auto
Institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP bought a new position in VinFast Auto during the 3rd quarter worth approximately $44,000. XTX Topco Ltd bought a new stake in VinFast Auto during the 3rd quarter valued at $48,000. Finally, Tidal Investments LLC boosted its position in VinFast Auto by 30.0% during the 3rd quarter. Tidal Investments LLC now owns 172,421 shares of the company's stock valued at $659,000 after buying an additional 39,787 shares during the period.
Wall Street Analyst Weigh In
Separately, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $6.00 target price on shares of VinFast Auto in a research note on Monday, September 30th.
View Our Latest Stock Analysis on VinFast Auto
VinFast Auto Price Performance
VFS stock traded down $0.05 during mid-day trading on Friday, hitting $4.32. 766,287 shares of the stock were exchanged, compared to its average volume of 1,728,275. The stock has a market capitalization of $91.28 million, a price-to-earnings ratio of -3.93 and a beta of 0.92. VinFast Auto has a 12 month low of $2.26 and a 12 month high of $8.78. The business has a fifty day moving average price of $4.13 and a 200 day moving average price of $4.01.
VinFast Auto Company Profile
(
Get Free Report)
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.
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