VinFast Auto Ltd. (NASDAQ:VFS) Short Interest Update

VinFast Auto Ltd. (NASDAQ:VFS) saw a large growth in short interest in July. As of July 15th, there was short interest totalling 4,490,000 shares, a growth of 25.4% from the June 30th total of 3,580,000 shares. Currently, 39.5% of the shares of the company are sold short. Based on an average daily volume of 2,610,000 shares, the short-interest ratio is currently 1.7 days.

VinFast Auto Stock Performance

NASDAQ VFS traded down $0.25 during mid-day trading on Monday, reaching $3.88. 1,336,275 shares of the stock were exchanged, compared to its average volume of 2,334,717. The business’s 50 day moving average is $4.43 and its 200-day moving average is $4.60. VinFast Auto has a 1 year low of $2.26 and a 1 year high of $93.00.

Institutional Trading of VinFast Auto

A number of hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its holdings in VinFast Auto by 18.7% during the first quarter. Tidal Investments LLC now owns 153,560 shares of the company’s stock worth $763,000 after buying an additional 24,235 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in VinFast Auto during the first quarter worth $342,000. SG Americas Securities LLC purchased a new stake in VinFast Auto during the fourth quarter worth $329,000. Daiwa Securities Group Inc. purchased a new position in VinFast Auto during the first quarter valued at $195,000. Finally, Qsemble Capital Management LP purchased a new position in VinFast Auto during the first quarter valued at $87,000.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VFS shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $8.00 target price on shares of VinFast Auto in a research note on Monday, July 22nd. Chardan Capital reiterated a “buy” rating and issued a $13.00 price objective on shares of VinFast Auto in a research note on Monday, May 13th. Finally, BTIG Research cut their price objective on shares of VinFast Auto from $8.00 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th.

About VinFast Auto

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.