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 traders purchased 37,657 call options on the company. This is an increase of approximately 10,105% compared to the average daily volume of 369 call options.

Microvast Stock Performance

Shares of NASDAQ:MVST traded up $0.61 on Wednesday, reaching $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 twelve month low of $0.15 and a twelve month high of $1.55. The stock has a 50-day moving average price of $0.23 and a 200 day moving average price of $0.33. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.12 and a quick ratio of 0.71.

Institutional Trading of Microvast

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its position in shares of Microvast by 53,198.5% during the 1st quarter. Russell Investments Group Ltd. now owns 140,708 shares of the company’s stock worth $118,000 after purchasing an additional 140,444 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Microvast by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 9,690,219 shares of the company’s stock worth $8,111,000 after purchasing an additional 164,702 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Microvast by 67.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 265,317 shares of the company’s stock worth $223,000 after purchasing an additional 107,116 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Microvast during the 1st quarter worth about $195,000. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Microvast by 662.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 3,308,277 shares of the company’s stock worth $2,769,000 after purchasing an additional 2,874,583 shares during the last quarter. Institutional investors and hedge funds own 20.72% of the company’s stock.

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.