VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 2,350,000 shares, a growth of 28.4% from the February 28th total of 1,830,000 shares. Currently, 4.7% of the company's stock are sold short. Based on an average daily volume of 631,500 shares, the days-to-cover ratio is presently 3.7 days.
VinFast Auto Trading Down 1.2 %
NASDAQ VFS traded down $0.04 on Wednesday, reaching $3.18. The stock had a trading volume of 346,697 shares, compared to its average volume of 1,378,191. VinFast Auto has a 1 year low of $2.26 and a 1 year high of $6.42. The business has a 50 day moving average price of $3.59 and a 200 day moving average price of $3.89. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of -2.89 and a beta of 0.93.
Institutional Investors Weigh In On VinFast Auto
Several large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new position in VinFast Auto during the fourth quarter valued at approximately $26,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of VinFast Auto during the 4th quarter worth $29,000. Walleye Trading LLC bought a new position in shares of VinFast Auto during the 4th quarter valued at $46,000. XTX Topco Ltd acquired a new stake in shares of VinFast Auto in the 3rd quarter valued at $48,000. Finally, Jump Financial LLC bought a new stake in VinFast Auto in the fourth quarter worth $51,000.
Wall Street Analysts Forecast Growth
Separately, Chardan Capital raised shares of VinFast Auto to a "strong-buy" rating in a research report on Monday, March 24th.
Get Our Latest Report on VinFast Auto
VinFast Auto Company Profile
(
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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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