Microvast Holdings, Inc. (NASDAQ:MVSTW) Short Interest Up 31.6% in December
by Amy Steele · The Cerbat GemMicrovast Holdings, Inc. (NASDAQ:MVSTW – Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 8,684 shares, an increase of 31.6% from the November 30th total of 6,600 shares. Based on an average daily trading volume, of 107,216 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 107,216 shares, the short-interest ratio is currently 0.1 days.
Microvast Price Performance
Shares of NASDAQ MVSTW traded down $0.01 during midday trading on Tuesday, reaching $0.09. The company’s stock had a trading volume of 320,553 shares, compared to its average volume of 132,635. The firm has a 50 day moving average price of $0.25 and a 200-day moving average price of $0.26. Microvast has a 12-month low of $0.07 and a 12-month high of $0.65.
Microvast (NASDAQ:MVSTW – Get Free Report) last issued its quarterly earnings results on Tuesday, May 9th. The company reported ($0.10) EPS for the quarter. The company had revenue of $36.67 million during the quarter.
About Microvast
Microvast Inc is a global developer and manufacturer of advanced lithium-ion battery technologies and energy storage solutions. The company specializes in designing, testing and producing fast-charging battery cells, modules and packs that serve a variety of industries, including electric buses, commercial trucks, passenger vehicles, micro-mobility devices, stationary storage systems and specialty applications. Microvast’s battery systems are engineered for high power density, rapid charge-discharge cycles and extended cycle life, catering to markets that require reliable performance in demanding conditions.
The company’s product suite encompasses individual battery cells, modular assemblies, fully integrated battery packs and proprietary battery management systems (BMS).