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

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) was the recipient of 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 volume of 529,100 shares, the days-to-cover ratio is currently 4.7 days. Currently,5.0% of the shares of the company are short sold. Currently,5.0% of the shares of the company are short sold. Based on an average daily volume of 529,100 shares, the days-to-cover ratio is currently 4.7 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Mariner LLC grew its stake in shares of VinFast Auto by 84.2% during the 4th quarter. Mariner LLC now owns 24,666 shares of the company's stock worth $99,000 after purchasing an additional 11,277 shares during the period. Tidal Investments LLC grew its position in VinFast Auto by 10.9% during 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. Tower Research Capital LLC TRC purchased a new position in VinFast Auto in the fourth quarter valued at about $26,000. Jump Financial LLC acquired a new stake in shares of VinFast Auto during the 4th quarter valued at approximately $51,000. Finally, Walleye Trading LLC purchased a new stake in shares of VinFast Auto during the 4th quarter worth approximately $46,000.

VinFast Auto Stock Performance

VFS traded down $0.04 during trading on Wednesday, hitting $3.53. The stock had a trading volume of 204,754 shares, compared to its average volume of 555,637. VinFast Auto has a twelve month low of $2.56 and a twelve month high of $5.38. The firm has a market capitalization of $8.24 billion, a P/E ratio of -2.52 and a beta of 0.91. The company's 50-day moving average price is $3.51 and its 200 day moving average price 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 analysts' consensus estimates of ($0.20) by ($0.10). The firm had revenue of $677.89 million for the quarter, compared to analyst estimates of $21,843.17 billion. As a group, equities analysts expect that VinFast Auto will post -1.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Chardan Capital reissued a "buy" rating and set a $5.50 price objective on shares of VinFast Auto in a research report on Monday, July 7th. Cantor Fitzgerald restated an "overweight" rating and issued a $6.00 price target on shares of VinFast Auto in a research report on Tuesday, June 10th. Finally, BTIG Research downgraded VinFast Auto from a "buy" rating to a "neutral" rating in a research note on Friday, April 25th.

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.