VinFast Auto Ltd. (NASDAQ:VFSWW – Get Free Report) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 2,427 shares, a decline of 56.0% from the April 30th total of 5,511 shares. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is presently 0.4 days.
VinFast Auto Price Performance
Shares of VFSWW stock opened at $0.37 on Monday. The stock has a 50 day simple moving average of $0.38 and a 200-day simple moving average of $0.24. VinFast Auto has a 12-month low of $0.11 and a 12-month high of $0.58.
About VinFast Auto
VinFast Auto Pte. Ltd., a subsidiary of Vietnam’s Vingroup JSC, is the nation’s first major automotive manufacturer and a rapidly growing player in the global electric vehicle (EV) market. Founded in 2017 and headquartered in Hai Phong, Vietnam, the company was established with the ambition of designing, developing and producing passenger vehicles that meet international quality and safety standards. VinFast has leveraged Vingroup’s financial and industrial backing to bring its first models to market within a remarkably short timeframe, positioning itself as a pioneer among new-generation EV brands.
The company’s core business revolves around the design, engineering, production and sale of EVs, including sport utility vehicles and electric buses.
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