Short Interest in VinFast Auto Ltd. (NASDAQ:VFSWW) Decreases By 36.2%

VinFast Auto Ltd. (NASDAQ:VFSWW) saw a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 3,000 shares, a decline of 36.2% from the July 31st total of 4,700 shares. Based on an average daily trading volume, of 16,400 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of VinFast Auto

An institutional investor recently bought a new position in VinFast Auto stock. Wolverine Asset Management LLC bought a new stake in shares of VinFast Auto Ltd. (NASDAQ:VFSWW) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 56,765 shares of the company’s stock, valued at approximately $28,000.

VinFast Auto Stock Performance

NASDAQ:VFSWW opened at $0.45 on Wednesday. VinFast Auto has a twelve month low of $0.38 and a twelve month high of $10.00. The firm’s fifty day simple moving average is $0.50 and its 200 day simple moving average is $0.59.

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.