Mvst stock forecast short interest in MVST has declined by

Short interest in MVST has declined by 8% since mid-May 2024, which many read as a sentiment shift toward optimism. MVST stock forecast signals that reduction in bearish bets typically precedes upward price action. Underlying developments driving Microvast Holdings' growth isn’t the focus of this broad overview, however, bear in mind that generally a high forecast growth rate is not unusual for a company that is currently undergoing an investment period. The business's 50-day simple moving average is $2.95 and its two-hundred day simple moving average is $2.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.56. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -6.43 and a beta of 3.12. The MVST stock forecast benefits from sector-wide momentum, as EV delivery numbers from major automakers in April beat consensus. Supply chain resilience adds another layer of confidence for long-term holders.