Microvast Holdings, Inc. (NASDAQ:MVSTW – Get Rating) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 13,300 shares, a drop of 49.6% from the February 13th total of 26,400 shares. Based on an average daily volume of 56,400 shares, the days-to-cover ratio is presently 0.2 days.
Microvast Stock Up 4.4 %
NASDAQ MVSTW traded up $0.01 during mid-day trading on Friday, reaching $0.20. 121,962 shares of the stock were exchanged, compared to its average volume of 40,276. Microvast has a 1-year low of $0.14 and a 1-year high of $2.29. The business's fifty day simple moving average is $0.24 and its 200 day simple moving average is $0.27.
Get Microvast alerts:Institutional Investors Weigh In On Microvast
An institutional investor recently bought a new position in Microvast stock. Woodline Partners LP purchased a new position in Microvast Holdings, Inc. (NASDAQ:MVSTW – Get Rating) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 341,800 shares of the company's stock, valued at approximately $434,000.
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