VinFast Auto Ltd. (NASDAQ:VFSWW) Short Interest Down 56.0% in May

VinFast Auto Ltd. (NASDAQ:VFSWW) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,427 shares, a drop of 56.0% from the April 30th total of 5,511 shares. Based on an average daily trading volume, of 5,800 shares, the short-interest ratio is presently 0.4 days.

VinFast Auto Trading Up 2.6%

NASDAQ VFSWW traded up $0.01 during mid-day trading on Friday, hitting $0.37. The company’s stock had a trading volume of 4,275 shares, compared to its average volume of 15,472. VinFast Auto has a 52-week low of $0.11 and a 52-week high of $0.58. The stock’s fifty day simple moving average is $0.38 and its two-hundred day simple moving average is $0.23.

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.