VinFast Auto Ltd. (NASDAQ:VFS) Sees Large Decline in Short Interest

VinFast Auto Ltd. (NASDAQ:VFS) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,830,000 shares, a decline of 22.1% from the February 13th total of 2,350,000 shares. Approximately 3.7% of the company’s shares are short sold. Based on an average daily trading volume, of 854,700 shares, the days-to-cover ratio is presently 2.1 days.

VinFast Auto Stock Performance

Shares of VFS opened at $3.26 on Wednesday. VinFast Auto has a 52-week low of $2.26 and a 52-week high of $6.42. The business’s 50 day moving average price is $3.76 and its two-hundred day moving average price is $3.92. The firm has a market cap of $7.62 billion, a PE ratio of -2.96 and a beta of 0.93.

Hedge Funds Weigh In On VinFast Auto

Several institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC lifted its stake in VinFast Auto by 10.9% in the fourth quarter. Tidal Investments LLC now owns 191,130 shares of the company’s stock valued at $770,000 after buying an additional 18,709 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in VinFast Auto in the fourth quarter valued at approximately $600,000. SBI Securities Co. Ltd. acquired a new position in VinFast Auto in the fourth quarter valued at approximately $153,000. Mariner LLC lifted its stake in VinFast Auto by 84.2% in the fourth quarter. Mariner LLC now owns 24,666 shares of the company’s stock valued at $99,000 after buying an additional 11,277 shares during the period. Finally, Jump Financial LLC acquired a new position in VinFast Auto in the fourth quarter valued at approximately $51,000.

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.