Microvast Holdings, Inc. (NASDAQ:MVSTW) Sees Large Growth in Short Interest

Microvast Holdings, Inc. (NASDAQ:MVSTW) saw a significant increase in short interest during 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 daily volume of 213,800 shares, the days-to-cover ratio is currently 1.0 days.

Microvast Stock Down 14.2 %

MVSTW stock traded down $0.06 during trading on Wednesday, hitting $0.38. 108,882 shares of the company traded hands, compared to its average volume of 164,142. Microvast has a 1 year low of $0.02 and a 1 year high of $0.54. The stock’s 50-day simple moving average is $0.21 and its 200 day simple moving average is $0.09.

Microvast Company Profile

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.