Short Interest in VinFast Auto Ltd. (NASDAQ:VFS) Declines By 18.5%

VinFast Auto Ltd. (NASDAQ:VFS) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 2,020,000 shares, a decrease of 18.5% from the December 31st total of 2,480,000 shares. Approximately 4.0% of the company’s stock are sold short. Based on an average trading volume of 972,600 shares, the days-to-cover ratio is presently 2.1 days.

Hedge Funds Weigh In On VinFast Auto

Several institutional investors have recently modified their holdings of VFS. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in VinFast Auto in the 4th quarter valued at approximately $29,000. GSA Capital Partners LLP acquired a new position in shares of VinFast Auto during the third quarter valued at $44,000. XTX Topco Ltd bought a new stake in shares of VinFast Auto during the third quarter valued at about $48,000. Finally, Tidal Investments LLC lifted its holdings in VinFast Auto by 30.0% in the third quarter. Tidal Investments LLC now owns 172,421 shares of the company’s stock worth $659,000 after purchasing an additional 39,787 shares during the period.

VinFast Auto Trading Down 0.8 %

NASDAQ VFS opened at $4.03 on Friday. VinFast Auto has a 12 month low of $2.26 and a 12 month high of $6.42. The company’s fifty day moving average price is $4.24 and its two-hundred day moving average price is $4.00.

VinFast Auto (NASDAQ:VFS) last posted its quarterly earnings results on Tuesday, November 26th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.03. Analysts predict that VinFast Auto will post -1.03 EPS for the current year.

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.