Microvast Holdings, Inc. (NASDAQ:MVST – Get Free Report) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 13,940,000 shares, a drop of 22.4% from the December 15th total of 17,960,000 shares. Approximately 7.8% of the company’s shares are short sold. Based on an average daily volume of 32,040,000 shares, the short-interest ratio is currently 0.4 days.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reissued a “buy” rating and set a $3.00 target price on shares of Microvast in a research report on Monday, November 18th.
Check Out Our Latest Analysis on MVST
Institutional Trading of Microvast
Microvast Trading Up 0.5 %
Shares of MVST stock traded up $0.01 during trading hours on Wednesday, reaching $2.06. 12,994,693 shares of the stock were exchanged, compared to its average volume of 18,846,086. The firm has a market capitalization of $667.06 million, a price-to-earnings ratio of -5.42 and a beta of 2.14. Microvast has a 12-month low of $0.15 and a 12-month high of $2.87. The company’s 50-day moving average price is $1.32 and its 200-day moving average price is $0.66. The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24.
Microvast Company Profile
Microvast Holdings, Inc provides battery technologies for electric vehicles and energy storage solutions. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, and nickel manganese cobalt version 1 and 2. It also designs, develops, and manufactures battery components, such as cathode, anode, electrolyte, and separator.
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