VinFast Auto Ltd. (NASDAQ:VFS) Short Interest Up 19.9% in February

VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 2,350,000 shares, a growth of 19.9% from the January 31st total of 1,960,000 shares. Based on an average daily trading volume, of 850,800 shares, the short-interest ratio is currently 2.8 days. Currently, 4.7% of the shares of the company are sold short.

Institutional Investors Weigh In On VinFast Auto

Several hedge funds have recently bought and sold shares of VFS. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of VinFast Auto in the fourth quarter valued at approximately $29,000. Tidal Investments LLC increased its position in shares of VinFast Auto by 30.0% during the third quarter. Tidal Investments LLC now owns 172,421 shares of the company's stock worth $659,000 after purchasing an additional 39,787 shares in the last quarter. GSA Capital Partners LLP purchased a new position in VinFast Auto in the 3rd quarter valued at $44,000. XTX Topco Ltd acquired a new stake in VinFast Auto during the 3rd quarter worth $48,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of VinFast Auto during the fourth quarter worth $153,000.

VinFast Auto Stock Down 6.1 %

Shares of VFS stock traded down $0.21 on Monday, hitting $3.21. The company had a trading volume of 415,104 shares, compared to its average volume of 1,440,022. The firm has a market cap of $7.51 billion, a P/E ratio of -2.92 and a beta of 0.93. VinFast Auto has a twelve month low of $2.26 and a twelve month high of $6.42. The company has a 50-day moving average price of $3.90 and a 200-day moving average price of $3.94.

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VinFast Auto Company Profile

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.