VinFast Auto Ltd. (NASDAQ:VFS) Short Interest Down 16.2% in December

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 short sold. Based on an average daily volume of 934,400 shares, the days-to-cover ratio is presently 2.7 days.

Wall Street Analysts Forecast Growth

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

VinFast Auto Stock Down 1.1 %

Shares of NASDAQ VFS traded down $0.05 during trading on Friday, reaching $4.32. The company had a trading volume of 766,287 shares, compared to its average volume of 1,728,275. The stock has a market cap of $91.28 million, a P/E ratio of -3.93 and a beta of 0.92. The company’s fifty day moving average price is $4.13 and its 200-day moving average price is $4.01. VinFast Auto has a 12 month low of $2.26 and a 12 month high of $8.78.

Hedge Funds Weigh In On VinFast Auto

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tidal Investments LLC increased its stake in VinFast Auto by 30.0% in the third 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. GSA Capital Partners LLP bought a new stake in VinFast Auto in the 3rd quarter valued at about $44,000. Finally, XTX Topco Ltd bought a new stake in VinFast Auto in the 3rd quarter valued at about $48,000.

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.