VinFast Auto Ltd. (NASDAQ:VFS) Short Interest Down 18.5% in January

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

Hedge Funds Weigh In On VinFast Auto

A number of hedge funds have recently added to or reduced their stakes in VFS. Harel Insurance Investments & Financial Services Ltd. bought a new position in VinFast Auto during the fourth quarter valued at approximately $29,000. Tidal Investments LLC raised its stake in VinFast Auto by 30.0% during the 3rd quarter. Tidal Investments LLC now owns 172,421 shares of the company’s stock valued at $659,000 after buying an additional 39,787 shares during the last quarter. XTX Topco Ltd bought a new position in shares of VinFast Auto during the 3rd quarter valued at $48,000. Finally, GSA Capital Partners LLP bought a new stake in shares of VinFast Auto in the third quarter worth $44,000.

VinFast Auto Stock Performance

Shares of VFS traded up $0.13 during mid-day trading on Thursday, reaching $3.95. The company had a trading volume of 135,876 shares, compared to its average volume of 665,283. VinFast Auto has a 52 week low of $2.26 and a 52 week high of $6.42. The firm has a 50-day moving average price of $4.23 and a 200 day moving average price of $4.00.

VinFast Auto (NASDAQ:VFS) last issued its quarterly earnings results on Tuesday, November 26th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.03. Equities research analysts anticipate that VinFast Auto will post -1.03 earnings per share for the current fiscal 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.