Microvast Target of Unusually Large Options Trading (NASDAQ:MVST)

Microvast Holdings, Inc. (NASDAQ:MVST) was the recipient of some unusual options trading on Wednesday. Investors acquired 37,657 call options on the stock. This is an increase of 10,105% compared to the typical volume of 369 call options.

Institutional Trading of Microvast

Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its holdings in shares of Microvast by 53,198.5% during the first quarter. Russell Investments Group Ltd. now owns 140,708 shares of the company’s stock valued at $118,000 after purchasing an additional 140,444 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Microvast by 1.7% during the first quarter. Vanguard Group Inc. now owns 9,690,219 shares of the company’s stock valued at $8,111,000 after purchasing an additional 164,702 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Microvast by 67.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 265,317 shares of the company’s stock valued at $223,000 after purchasing an additional 107,116 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Microvast during the first quarter valued at approximately $195,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Microvast by 662.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 3,308,277 shares of the company’s stock valued at $2,769,000 after purchasing an additional 2,874,583 shares during the last quarter. 20.72% of the stock is owned by institutional investors.

Microvast Stock Down 2.1 %

Microvast stock traded down $0.02 during midday trading on Thursday, hitting $0.78. The stock had a trading volume of 172,086,594 shares, compared to its average volume of 9,072,802. The company has a current ratio of 1.12, a quick ratio of 0.71 and a debt-to-equity ratio of 0.19. The stock has a market cap of $246.60 million, a P/E ratio of -2.09 and a beta of 1.72. Microvast has a 12 month low of $0.15 and a 12 month high of $1.55. The business has a fifty day moving average price of $0.24 and a 200 day moving average price of $0.34.

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.