Microvast Holdings, Inc. (NASDAQ:MVSTW) Short Interest Up 1,882.4% in December

Microvast Holdings, Inc. (NASDAQ:MVSTW) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 214,100 shares, an increase of 1,882.4% from the December 15th total of 10,800 shares. Based on an average trading volume of 213,800 shares, the short-interest ratio is presently 1.0 days.

Microvast Stock Down 3.8 %

Microvast stock traded down $0.02 during trading hours on Monday, hitting $0.44. 115,963 shares of the company traded hands, compared to its average volume of 184,938. The firm’s 50-day simple moving average is $0.19 and its two-hundred day simple moving average is $0.08. Microvast has a 1-year low of $0.02 and a 1-year high of $0.54.

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.