Brave Asset Management Inc. Sells 17,000 Shares of Microvast Holdings, Inc. (NASDAQ:MVST)

Brave Asset Management Inc. decreased its position in shares of Microvast Holdings, Inc. (NASDAQ:MVST) by 33.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,000 shares of the company’s stock after selling 17,000 shares during the quarter. Brave Asset Management Inc.’s holdings in Microvast were worth $70,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new stake in Microvast during the 2nd quarter valued at $28,000. AQR Capital Management LLC increased its position in shares of Microvast by 569.1% during the 2nd quarter. AQR Capital Management LLC now owns 109,139 shares of the company’s stock valued at $50,000 after purchasing an additional 92,828 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Microvast in the 2nd quarter worth approximately $80,000. Renaissance Technologies LLC purchased a new position in shares of Microvast in the second quarter worth approximately $90,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Microvast during the second quarter valued at approximately $141,000. Institutional investors own 20.72% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and issued a $3.00 price target on shares of Microvast in a research report on Monday, November 18th.

Microvast Trading Up 0.5 %

Shares of MVST opened at $2.06 on Thursday. The business has a 50-day simple moving average of $1.32 and a two-hundred day simple moving average of $0.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 1.30. Microvast Holdings, Inc. has a 52 week low of $0.15 and a 52 week high of $2.87.

Microvast Profile

Microvast Holdings, Inc provides battery technologies for electric vehicles and energy storage solutions. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, and nickel manganese cobalt version 1 and 2. It also designs, develops, and manufactures battery components, such as cathode, anode, electrolyte, and separator.