VinFast Auto Ltd. (NASDAQ:VFS – Get Free Report) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 2,020,000 shares, a drop of 18.5% from the December 15th total of 2,480,000 shares. Based on an average daily volume of 972,600 shares, the short-interest ratio is presently 2.1 days. Currently, 4.0% of the company’s stock are short sold.
VinFast Auto Stock Down 1.4 %
NASDAQ:VFS opened at $4.12 on Friday. VinFast Auto has a twelve month low of $2.26 and a twelve month high of $6.42. The firm has a market capitalization of $87.06 million, a price-to-earnings ratio of -3.75 and a beta of 0.93. The stock’s 50 day moving average price is $4.21 and its two-hundred day moving average price is $4.02.
Analysts Set New Price Targets
Separately, Cantor Fitzgerald restated an “overweight” rating and set a $6.00 target price on shares of VinFast Auto in a report on Monday, September 30th.
Institutional Trading of VinFast Auto
Several institutional investors and hedge funds have recently added to or reduced their stakes in VFS. Tidal Investments LLC grew its position in shares of VinFast Auto by 30.0% in the 3rd quarter. Tidal Investments LLC now owns 172,421 shares of the company’s stock valued at $659,000 after acquiring an additional 39,787 shares during the period. XTX Topco Ltd bought a new stake in VinFast Auto in the third quarter valued at approximately $48,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of VinFast Auto in the third quarter valued at approximately $44,000.
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.
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