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

Microvast Holdings, Inc. (NASDAQ:MVSTW) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 20,400 shares, a decrease of 71.3% from the March 15th total of 71,200 shares. Based on an average trading volume of 102,300 shares, the days-to-cover ratio is currently 0.2 days.

Microvast Trading Down 9.2 %

Microvast stock traded down $0.02 during midday trading on Wednesday, reaching $0.16. The stock had a trading volume of 64,831 shares, compared to its average volume of 106,207. The firm’s fifty day simple moving average is $0.24 and its two-hundred day simple moving average is $0.20. Microvast has a twelve month low of $0.02 and a twelve month high of $0.54.

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.