VinFast Auto Ltd. (NASDAQ:VFS) Short Interest Down 18.5% in January

VinFast Auto Ltd. (NASDAQ:VFS) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 2,020,000 shares, a drop of 18.5% from the December 31st total of 2,480,000 shares. Based on an average daily trading volume, of 972,600 shares, the short-interest ratio is currently 2.1 days. Approximately 4.0% of the company’s shares are short sold.

Hedge Funds Weigh In On VinFast Auto

A number of large investors have recently modified their holdings of the company. Tidal Investments LLC increased its holdings in VinFast Auto by 30.0% in the 3rd quarter. Tidal Investments LLC now owns 172,421 shares of the company’s stock valued at $659,000 after purchasing an additional 39,787 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of VinFast Auto in the third quarter worth about $48,000. GSA Capital Partners LLP acquired a new stake in shares of VinFast Auto in the third quarter valued at about $44,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of VinFast Auto during the 4th quarter valued at about $29,000.

VinFast Auto Price Performance

VinFast Auto stock traded down $0.16 during trading on Friday, reaching $3.90. The company had a trading volume of 722,184 shares, compared to its average volume of 626,902. VinFast Auto has a 12-month low of $2.26 and a 12-month high of $6.42. The stock’s 50 day moving average price is $4.24 and its two-hundred day moving average price is $4.00.

VinFast Auto (NASDAQ:VFS) last announced its quarterly earnings data on Tuesday, November 26th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.03. Sell-side analysts predict that VinFast Auto will post -1.03 earnings per share for the current year.

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.