VinFast Auto (NASDAQ:VFS) Trading 4.5% Higher – Here’s What Happened

VinFast Auto Ltd. (NASDAQ:VFS) shares traded up 4.5% on Thursday . The company traded as high as $3.39 and last traded at $3.39. Approximately 219,649 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 1,445,230 shares. The stock had previously closed at $3.24.

VinFast Auto Stock Up 2.9 %

The stock has a fifty day moving average of $3.94 and a 200-day moving average of $3.95. The stock has a market cap of $7.80 billion, a PE ratio of -3.03 and a beta of 0.93.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VFS. GSA Capital Partners LLP acquired a new position in shares of VinFast Auto in the 3rd quarter valued at $44,000. XTX Topco Ltd acquired a new position in VinFast Auto during the third quarter valued at $48,000. Tidal Investments LLC raised its position in VinFast Auto by 30.0% during the third quarter. Tidal Investments LLC now owns 172,421 shares of the company’s stock valued at $659,000 after buying an additional 39,787 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in VinFast Auto during the fourth quarter valued at $29,000. Finally, SBI Securities Co. Ltd. purchased a new position in VinFast Auto during the fourth quarter valued at approximately $153,000.

VinFast Auto Company Profile

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.