Brave Asset Management Inc. Sells 17,000 Shares of Microvast Holdings, Inc. (NASDAQ:MVST)

Brave Asset Management Inc. lowered its stake in shares of Microvast Holdings, Inc. (NASDAQ:MVST) by 33.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,000 shares of the company’s stock after selling 17,000 shares during the period. Brave Asset Management Inc.’s holdings in Microvast were worth $70,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Point72 DIFC Ltd bought a new stake in shares of Microvast in the second quarter worth about $28,000. Cubist Systematic Strategies LLC purchased a new position in Microvast during the 2nd quarter valued at approximately $264,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Microvast in the 2nd quarter worth approximately $141,000. AQR Capital Management LLC raised its holdings in shares of Microvast by 569.1% during the 2nd quarter. AQR Capital Management LLC now owns 109,139 shares of the company’s stock worth $50,000 after acquiring an additional 92,828 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Microvast during the 2nd quarter valued at approximately $80,000. Hedge funds and other institutional investors own 20.72% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and issued a $3.00 price target on shares of Microvast in a research report on Monday, November 18th.

Microvast Trading Up 0.5 %

Shares of NASDAQ:MVST opened at $2.06 on Thursday. Microvast Holdings, Inc. has a 12 month low of $0.15 and a 12 month high of $2.87. The company has a quick ratio of 0.83, a current ratio of 1.30 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $1.32 and a 200 day moving average price of $0.66.

Microvast Profile

Microvast Holdings, Inc provides battery technologies for electric vehicles and energy storage solutions. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, and nickel manganese cobalt version 1 and 2. It also designs, develops, and manufactures battery components, such as cathode, anode, electrolyte, and separator.