Microvast Holdings, Inc. (NASDAQ:MVSTW) Sees Significant Growth in Short Interest

Microvast Holdings, Inc. (NASDAQ:MVSTW) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 6,660 shares, a growth of 47.2% from the January 15th total of 4,523 shares. Based on an average daily volume of 122,932 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 122,932 shares, the short-interest ratio is currently 0.1 days.

Microvast Stock Down 12.6%

Shares of NASDAQ:MVSTW traded down $0.01 during mid-day trading on Monday, hitting $0.06. 101,331 shares of the company traded hands, compared to its average volume of 96,744. The stock has a 50-day moving average price of $0.11 and a two-hundred day moving average price of $0.20. Microvast has a 12-month low of $0.05 and a 12-month high of $0.65.

About Microvast

Microvast Inc is a global developer and manufacturer of advanced lithium-ion battery technologies and energy storage solutions. The company specializes in designing, testing and producing fast-charging battery cells, modules and packs that serve a variety of industries, including electric buses, commercial trucks, passenger vehicles, micro-mobility devices, stationary storage systems and specialty applications. Microvast’s battery systems are engineered for high power density, rapid charge-discharge cycles and extended cycle life, catering to markets that require reliable performance in demanding conditions.

The company’s product suite encompasses individual battery cells, modular assemblies, fully integrated battery packs and proprietary battery management systems (BMS).