Microvast Holdings, Inc. (NASDAQ:MVSTW) Sees Significant Increase in Short Interest

Microvast Holdings, Inc. (NASDAQ:MVSTW) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 71,200 shares, a growth of 149.0% from the February 28th total of 28,600 shares. Based on an average daily trading volume, of 172,000 shares, the short-interest ratio is presently 0.4 days.

Microvast Stock Up 10.3 %

Shares of NASDAQ MVSTW opened at $0.19 on Friday. The firm’s 50-day moving average is $0.27 and its two-hundred day moving average is $0.18. Microvast has a 12-month low of $0.02 and a 12-month high of $0.54.

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.