Short Interest in Microvast Holdings, Inc. (NASDAQ:MVSTW) Drops By 47.0%
by Sarita Garza · The Markets DailyMicrovast Holdings, Inc. (NASDAQ:MVSTW – Get Free Report) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 4,523 shares, a drop of 47.0% from the December 31st total of 8,538 shares. Based on an average trading volume of 107,037 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 107,037 shares, the days-to-cover ratio is currently 0.0 days.
Microvast Price Performance
Shares of MVSTW traded down $0.00 on Friday, hitting $0.08. 37,848 shares of the stock traded hands, compared to its average volume of 115,237. Microvast has a one year low of $0.05 and a one year high of $0.65. The business has a 50 day simple moving average of $0.14 and a 200 day simple moving average of $0.22.
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).