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

Microvast Holdings, Inc. (NASDAQ:MVST) was the recipient of unusually large options trading activity on Wednesday. Investors acquired 37,657 call options on the stock. This is an increase of 10,105% compared to the average volume of 369 call options.

Microvast Price Performance

Shares of NASDAQ:MVST opened at $0.78 on Friday. Microvast has a 52 week low of $0.15 and a 52 week high of $1.55. The company’s 50 day moving average is $0.25 and its two-hundred day moving average is $0.34. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.30 and a quick ratio of 0.71.

Institutional Investors Weigh In On Microvast

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Microvast by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 9,690,219 shares of the company’s stock valued at $8,111,000 after purchasing an additional 164,702 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Microvast by 662.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 3,308,277 shares of the company’s stock valued at $2,769,000 after buying an additional 2,874,583 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Microvast in the 2nd quarter valued at $264,000. Tidal Investments LLC boosted its holdings in shares of Microvast by 38.9% in the 1st quarter. Tidal Investments LLC now owns 526,931 shares of the company’s stock valued at $441,000 after buying an additional 147,538 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Microvast in the 2nd quarter valued at $141,000. 20.72% of the stock is owned by hedge funds and other 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.