VinFast Auto Ltd. (NASDAQ:VFS) Short Interest Update

VinFast Auto Ltd. (NASDAQ:VFS) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 2,480,000 shares, a decline of 16.2% from the November 30th total of 2,960,000 shares. Approximately 5.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 934,400 shares, the days-to-cover ratio is presently 2.7 days.

Analyst Ratings Changes

Separately, Cantor Fitzgerald restated an “overweight” rating and set a $6.00 price objective on shares of VinFast Auto in a research report on Monday, September 30th.

Hedge Funds Weigh In On VinFast Auto

A number of institutional investors and hedge funds have recently bought and sold shares of VFS. GSA Capital Partners LLP acquired a new position in VinFast Auto during the third quarter worth $44,000. XTX Topco Ltd purchased a new position in VinFast Auto in the third quarter worth approximately $48,000. Finally, Tidal Investments LLC increased its stake in VinFast Auto by 30.0% during the third quarter. Tidal Investments LLC now owns 172,421 shares of the company’s stock worth $659,000 after acquiring an additional 39,787 shares during the last quarter.

VinFast Auto Price Performance

NASDAQ VFS traded down $0.16 during mid-day trading on Monday, hitting $4.16. The stock had a trading volume of 670,742 shares, compared to its average volume of 1,724,054. VinFast Auto has a twelve month low of $2.26 and a twelve month high of $8.05. The firm’s 50 day moving average is $4.13 and its 200 day moving average is $4.01. The stock has a market capitalization of $87.90 million, a price-to-earnings ratio of -3.78 and a beta of 0.92.

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.