VinFast Auto Ltd. (NASDAQ:VFS – Get Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 3,640,000 shares, a drop of 18.2% from the August 15th total of 4,450,000 shares. Based on an average daily volume of 1,210,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 29.3% of the shares of the company are sold short.
Analyst Ratings Changes
Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $8.00 price objective on shares of VinFast Auto in a report on Monday, September 9th.
View Our Latest Stock Analysis on VFS
Institutional Trading of VinFast Auto
VinFast Auto Price Performance
VFS opened at $3.96 on Monday. The business has a 50 day moving average of $3.96 and a 200-day moving average of $4.12. VinFast Auto has a 1-year low of $2.26 and a 1-year high of $18.45.
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.
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