Microvast Holdings, Inc. (NASDAQ:MVSTW) Sees Significant Growth in Short Interest

Microvast Holdings, Inc. (NASDAQ:MVSTW) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 214,100 shares, a growth of 1,882.4% from the December 15th total of 10,800 shares. Based on an average daily volume of 213,800 shares, the short-interest ratio is currently 1.0 days.

Microvast Stock Performance

MVSTW stock traded down $0.06 on Wednesday, reaching $0.38. The company’s stock had a trading volume of 63,245 shares, compared to its average volume of 158,634. Microvast has a 52 week low of $0.02 and a 52 week high of $0.54. The firm has a fifty day moving average of $0.21 and a two-hundred day moving average of $0.09.

Microvast Company 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.