Microvast Holdings, Inc. (NASDAQ:MVST) Short Interest Update

Microvast Holdings, Inc. (NASDAQ:MVST) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 13,530,000 shares, a decrease of 43.9% from the November 15th total of 24,110,000 shares. Approximately 7.7% of the shares of the stock are sold short. Based on an average trading volume of 26,770,000 shares, the days-to-cover ratio is presently 0.5 days.

Microvast Trading Up 0.8 %

NASDAQ MVST traded up $0.01 during trading hours on Thursday, hitting $1.26. 6,777,848 shares of the company were exchanged, compared to its average volume of 9,906,451. The stock has a market cap of $408.01 million, a PE ratio of -3.29 and a beta of 2.52. Microvast has a 52 week low of $0.15 and a 52 week high of $1.95. The stock has a 50-day moving average price of $0.50 and a 200 day moving average price of $0.41. The company has a quick ratio of 0.83, a current ratio of 1.30 and a debt-to-equity ratio of 0.24.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a “buy” rating and set a $3.00 price objective on shares of Microvast in a research report on Monday, November 18th.

Hedge Funds Weigh In On Microvast

Several large investors have recently modified their holdings of MVST. Vanguard Group Inc. boosted its stake in Microvast by 1.7% during the first quarter. Vanguard Group Inc. now owns 9,690,219 shares of the company’s stock worth $8,111,000 after buying an additional 164,702 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Microvast by 67.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 265,317 shares of the company’s stock worth $223,000 after acquiring an additional 107,116 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Microvast in the 2nd quarter worth about $90,000. XTX Topco Ltd purchased a new position in shares of Microvast during the 2nd quarter worth about $80,000. Finally, Point72 DIFC Ltd bought a new position in Microvast during the 2nd quarter valued at about $28,000. Institutional investors own 20.72% of the company’s stock.

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.