Short Interest in Microvast Holdings, Inc. (NASDAQ:MVSTW) Grows By 535.3%

Microvast Holdings, Inc. (NASDAQ:MVSTWGet Free Report) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 10,800 shares, an increase of 535.3% from the November 30th total of 1,700 shares. Based on an average daily trading volume, of 145,200 shares, the days-to-cover ratio is currently 0.1 days.

Microvast Price Performance

NASDAQ MVSTW traded up $0.13 during trading on Thursday, hitting $0.43. The company’s stock had a trading volume of 1,758,953 shares, compared to its average volume of 95,146. The business’s 50 day simple moving average is $0.09 and its 200-day simple moving average is $0.05. Microvast has a fifty-two week low of $0.02 and a fifty-two week high of $0.49.

About Microvast

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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.

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