VinFast Auto Ltd. (NASDAQ:VFS) Sees Large Increase in Short Interest

Key Points

• VinFast Auto Ltd. experienced a significant increase in short interest, rising by 442.7% in July to a total of 2,500,000 shares, indicating heightened bearish sentiment among investors.
• Institutional investors showed increased interest, with Tidal Investments LLC and Mariner LLC raising their stakes by 10.9% and 84.2% respectively in the fourth quarter.
• Analyst ratings for VinFast Auto include a "buy" from Chardan Capital with a price target of $5.50 and a downgrade to "neutral" from BTIG Research, reflecting mixed market sentiments.

VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 2,500,000 shares, anincreaseof442.7% from the June 30th total of 460,700 shares. Based on an average daily trading volume, of 529,100 shares, the short-interest ratio is presently 4.7 days. Approximately5.0% of the shares of the company are short sold. Approximately5.0% of the shares of the company are short sold. Based on an average daily trading volume, of 529,100 shares, the short-interest ratio is presently 4.7 days.

VinFast Auto Stock Performance

Shares of VFS stock traded up $0.08 during mid-day trading on Monday, hitting $3.47. 302,496 shares of the stock traded hands, compared to its average volume of 558,023. VinFast Auto has a twelve month low of $2.56 and a twelve month high of $5.38. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of -2.48 and a beta of 0.91. The company's 50-day simple moving average is $3.52 and its 200-day simple moving average is $3.49.

VinFast Auto (NASDAQ:VFS - Get Free Report) last issued its quarterly earnings results on Monday, June 9th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.10). The firm had revenue of $677.89 million during the quarter, compared to the consensus estimate of $21,843.17 billion. Analysts forecast that VinFast Auto will post -1.06 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VFS. BTIG Research cut VinFast Auto from a "buy" rating to a "neutral" rating in a research report on Friday, April 25th. Cantor Fitzgerald restated an "overweight" rating and issued a $6.00 target price on shares of VinFast Auto in a research report on Tuesday, June 10th. Finally, Chardan Capital restated a "buy" rating and issued a $5.50 target price on shares of VinFast Auto in a research report on Monday, July 7th.

Institutional Investors Weigh In On VinFast Auto

Several large investors have recently modified their holdings of the stock. Tidal Investments LLC boosted its position in shares of VinFast Auto by 10.9% in the fourth quarter. Tidal Investments LLC now owns 191,130 shares of the company's stock worth $770,000 after buying an additional 18,709 shares during the period. Jump Financial LLC acquired a new stake in shares of VinFast Auto during the 4th quarter valued at $51,000. Walleye Trading LLC acquired a new stake in shares of VinFast Auto during the 4th quarter valued at $46,000. Mariner LLC raised its holdings in shares of VinFast Auto by 84.2% during the fourth quarter. Mariner LLC now owns 24,666 shares of the company's stock worth $99,000 after acquiring an additional 11,277 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of VinFast Auto during the fourth quarter worth $26,000.

VinFast Auto Company Profile

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.