Microvast Holdings, Inc. (NASDAQ:MVSTW) Sees Significant Drop in Short Interest

Microvast Holdings, Inc. (NASDAQ:MVSTW) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 2,100 shares, a decline of 88.7% from the August 31st total of 18,600 shares. Based on an average daily volume of 49,300 shares, the short-interest ratio is presently 0.0 days.

Microvast Stock Performance

MVSTW stock remained flat at $0.03 during mid-day trading on Friday. 8,704 shares of the company’s stock traded hands, compared to its average volume of 66,609. Microvast has a twelve month low of $0.02 and a twelve month high of $0.30. The firm’s 50 day moving average is $0.02 and its two-hundred day moving average is $0.03.

About Microvast

Microvast Holdings, Inc provides battery technologies for electric vehicles and energy storage solutions. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, and nickel manganese cobalt version 1 and 2. It also designs, develops, and manufactures battery components, such as cathode, anode, electrolyte, and separator.