VinFast Auto Ltd. (NASDAQ:VFS) Short Interest Update

VinFast Auto Ltd. (NASDAQ:VFS) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 3,000,000 shares, a drop of 18.7% from the October 31st total of 3,690,000 shares. Currently, 6.0% of the shares of the company are short sold. Based on an average trading volume of 781,100 shares, the short-interest ratio is currently 3.8 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VFS. GSA Capital Partners LLP bought a new stake in shares of VinFast Auto during the third quarter worth approximately $44,000. XTX Topco Ltd acquired a new stake in VinFast Auto during the 3rd quarter worth approximately $48,000. Finally, Tidal Investments LLC boosted its stake in VinFast Auto by 30.0% in the 3rd quarter. Tidal Investments LLC now owns 172,421 shares of the company’s stock valued at $659,000 after purchasing an additional 39,787 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald restated an “overweight” rating and set a $6.00 price objective on shares of VinFast Auto in a research note on Monday, September 30th.

VinFast Auto Trading Down 2.6 %

Shares of NASDAQ VFS opened at $4.15 on Friday. The company has a market capitalization of $87.69 million, a P/E ratio of -3.77 and a beta of 0.90. VinFast Auto has a 12 month low of $2.26 and a 12 month high of $9.30. The stock has a 50 day moving average of $3.88 and a 200-day moving average of $4.06.

VinFast Auto (NASDAQ:VFS) last released its quarterly earnings data on Friday, September 20th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.09). The business had revenue of $357.39 million for the quarter, compared to analysts’ expectations of $583.76 million. Analysts predict that VinFast Auto will post -1.13 EPS 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.