Microvast Holdings, Inc. (NASDAQ:MVSTW) Sees Large Growth in Short Interest

Microvast Holdings, Inc. (NASDAQ:MVSTWGet Free Report) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 214,100 shares, a growth of 1,882.4% from the December 15th total of 10,800 shares. Based on an average daily volume of 213,800 shares, the short-interest ratio is currently 1.0 days.

Microvast Price Performance

Shares of Microvast stock traded down $0.06 during mid-day trading on Wednesday, reaching $0.38. 108,882 shares of the stock traded hands, compared to its average volume of 164,142. The business has a 50-day moving average of $0.21 and a 200 day moving average of $0.09. Microvast has a fifty-two week low of $0.02 and a fifty-two week high of $0.54.

About Microvast

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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.

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