VinFast Auto Ltd. (NASDAQ:VFSWW – Get Free Report) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 228 shares, a drop of 90.4% from the September 30th total of 2,364 shares. Based on an average daily volume of 4,099 shares, the short-interest ratio is currently 0.1 days.
VinFast Auto Stock Performance
NASDAQ:VFSWW remained flat at $0.18 during trading hours on Monday. 6,330 shares of the company’s stock traded hands, compared to its average volume of 11,010. VinFast Auto has a 1 year low of $0.11 and a 1 year high of $0.58. The firm has a 50 day moving average price of $0.23 and a 200 day moving average price of $0.31.
Hedge Funds Weigh In On VinFast Auto
An institutional investor recently bought a new stake in VinFast Auto stock. Tidal Investments LLC bought a new stake in VinFast Auto Ltd. (NASDAQ:VFSWW – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 433,985 shares of the company’s stock, valued at approximately $156,000.
About VinFast Auto
VinFast Auto Ltd. is a Vietnamese automotive company focused on the development, manufacture and sale of electric vehicles. Its product lineup includes electric cars and sport utility vehicles, as well as electric scooters, buses and related battery products. The company also supports its vehicles through charging infrastructure, service centers and other customer services.
Founded in 2017, VinFast is part of the Vingroup ecosystem and has expanded its operations beyond Vietnam. The company serves customers in Vietnam and has pursued international growth in markets including the United States, Canada and Europe.
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