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VinFast Auto Surges 30% In 5 Days: Charts Signal Strong Bullish Trend, More Than Just A Short Squeeze

Summary

VinFast Auto (NASDAQ: VFS) saw a 15% jump in share prices after receiving nearly 30,000 pre-orders for its new EV model in under 72 hours, part of a broader trend in heavily shorted stocks.

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Article published on May 16, 2024 by benzinga