Investors Purchase Large Volume of Call Options on Microvast (NASDAQ:MVST)

Microvast Holdings, Inc. (NASDAQ:MVST) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 37,657 call options on the stock. This represents an increase of 10,105% compared to the typical daily volume of 369 call options.

Microvast Trading Up 340.0 %

Shares of MVST stock traded up $0.61 during trading hours on Wednesday, hitting $0.80. The company had a trading volume of 1,085,330,397 shares, compared to its average volume of 8,315,250. Microvast has a 12 month low of $0.15 and a 12 month high of $1.55. The firm’s fifty day moving average is $0.23 and its 200 day moving average is $0.33. The company has a current ratio of 1.12, a quick ratio of 0.71 and a debt-to-equity ratio of 0.19.

Institutional Investors Weigh In On Microvast

Large investors have recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new position in Microvast during the 2nd quarter worth $28,000. Cubist Systematic Strategies LLC acquired a new position in Microvast during the 2nd quarter worth $264,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Microvast during the 2nd quarter worth $141,000. AQR Capital Management LLC lifted its holdings in Microvast by 569.1% during the 2nd quarter. AQR Capital Management LLC now owns 109,139 shares of the company’s stock worth $50,000 after buying an additional 92,828 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Microvast during the 2nd quarter worth $80,000. 20.72% of the stock is currently owned by institutional investors.

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.