VinFast Auto Ltd. (NASDAQ:VFS) Sees Large Drop in Short Interest

VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,830,000 shares, a drop of 22.1% from the February 13th total of 2,350,000 shares. Currently, 3.7% of the shares of the company are sold short. Based on an average trading volume of 854,700 shares, the short-interest ratio is currently 2.1 days.

VinFast Auto Price Performance

VinFast Auto stock traded up $0.12 during trading hours on Friday, hitting $3.44. 297,136 shares of the stock traded hands, compared to its average volume of 1,397,785. The firm's 50 day moving average price is $3.73 and its 200-day moving average price is $3.91. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of -3.13 and a beta of 0.93. VinFast Auto has a 1 year low of $2.26 and a 1 year high of $6.42.

Institutional Trading of VinFast Auto

Several institutional investors and hedge funds have recently bought and sold shares of VFS. Tower Research Capital LLC TRC acquired a new position in shares of VinFast Auto in the 4th quarter valued at $26,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in VinFast Auto during the fourth quarter worth $29,000. Walleye Trading LLC purchased a new stake in shares of VinFast Auto in the fourth quarter valued at about $46,000. GSA Capital Partners LLP acquired a new stake in shares of VinFast Auto during the 3rd quarter worth approximately $44,000. Finally, XTX Topco Ltd acquired a new position in shares of VinFast Auto in the 3rd quarter valued at $48,000.

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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.