Short Interest in VinFast Auto Ltd. (NASDAQ:VFS) Increases By 19.9%

VinFast Auto Ltd. (NASDAQ:VFS) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 2,350,000 shares, an increase of 19.9% from the January 31st total of 1,960,000 shares. Approximately 4.7% of the company’s stock are sold short. Based on an average trading volume of 850,800 shares, the short-interest ratio is currently 2.8 days.

VinFast Auto Price Performance

Shares of VinFast Auto stock opened at $3.24 on Thursday. The stock has a 50-day simple moving average of $3.94 and a 200-day simple moving average of $3.95. VinFast Auto has a 52-week low of $2.26 and a 52-week high of $6.42. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of -2.95 and a beta of 0.93.

Hedge Funds Weigh In On VinFast Auto

Institutional investors have recently made changes to their positions in the business. Tidal Investments LLC raised its stake in shares of VinFast Auto by 10.9% in the fourth quarter. Tidal Investments LLC now owns 191,130 shares of the company’s stock valued at $770,000 after purchasing an additional 18,709 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of VinFast Auto during the fourth quarter valued at $600,000. SBI Securities Co. Ltd. acquired a new stake in shares of VinFast Auto in the 4th quarter valued at $153,000. Mariner LLC boosted its position in VinFast Auto by 84.2% in the fourth quarter. Mariner LLC now owns 24,666 shares of the company’s stock valued at $99,000 after buying an additional 11,277 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in shares of VinFast Auto in the 4th quarter worth approximately $51,000.

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.