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 August. As of August 15th, there was short interest totalling 4,450,000 shares, a growth of 32.4% from the July 31st total of 3,360,000 shares. Currently, 35.8% of the shares of the company are sold short. Based on an average trading volume of 1,400,000 shares, the days-to-cover ratio is presently 3.2 days.

VinFast Auto Stock Down 0.3 %

NASDAQ:VFS traded down $0.01 during midday trading on Thursday, hitting $3.59. The company had a trading volume of 540,376 shares, compared to its average volume of 2,134,518. VinFast Auto has a 52-week low of $2.26 and a 52-week high of $57.50. The stock’s fifty day moving average price is $4.07 and its 200-day moving average price is $4.26. The company has a market capitalization of $75.86 million, a PE ratio of -4.38 and a beta of 0.92.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $8.00 price target on shares of VinFast Auto in a report on Monday, July 22nd. Chardan Capital reaffirmed a “buy” rating and issued a $13.00 price target on shares of VinFast Auto in a report on Monday, May 13th.

Institutional Trading of VinFast Auto

Several institutional investors have recently added to or reduced their stakes in the business. Qsemble Capital Management LP purchased a new stake in VinFast Auto during the first quarter valued at about $87,000. Tidal Investments LLC boosted its position in VinFast Auto by 18.7% during the first quarter. Tidal Investments LLC now owns 153,560 shares of the company’s stock valued at $763,000 after buying an additional 24,235 shares during the period. Daiwa Securities Group Inc. purchased a new stake in VinFast Auto during the first quarter valued at about $195,000. Finally, Capstone Investment Advisors LLC purchased a new stake in VinFast Auto during the first quarter valued at about $342,000.

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.