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

VinFast Auto Ltd. (NASDAQ:VFS) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 2,350,000 shares, a growth of 19.9% from the January 31st total of 1,960,000 shares. Based on an average trading volume of 850,800 shares, the short-interest ratio is currently 2.8 days. Currently, 4.7% of the company’s shares are short sold.

Institutional Investors Weigh In On VinFast Auto

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC raised its stake in shares of VinFast Auto by 10.9% in the 4th quarter. Tidal Investments LLC now owns 191,130 shares of the company’s stock valued at $770,000 after acquiring an additional 18,709 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in VinFast Auto during the 4th quarter worth approximately $600,000. SBI Securities Co. Ltd. purchased a new stake in VinFast Auto during the 4th quarter worth approximately $153,000. Mariner LLC increased its stake in VinFast Auto by 84.2% during the 4th quarter. Mariner LLC now owns 24,666 shares of the company’s stock worth $99,000 after buying an additional 11,277 shares during the period. Finally, Jump Financial LLC purchased a new stake in VinFast Auto during the 4th quarter worth approximately $51,000.

VinFast Auto Stock Performance

VinFast Auto stock opened at $3.42 on Friday. The company’s 50 day simple moving average is $3.90 and its 200-day simple moving average is $3.94. The company has a market capitalization of $8.00 billion, a price-to-earnings ratio of -3.11 and a beta of 0.93. VinFast Auto has a 1 year low of $2.26 and a 1 year high of $6.42.

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.