Shares of VinFast Auto Ltd. (NASDAQ:VFS) soared recently after reports revealed that the Vietnamese automaker received deposits for nearly 30,000 units of its new electric vehicle (EV) model in under 72 hours. This surge in interest led to an initial jump of 15% in share prices, adding to the stock’s previous gains. The stock was up 3% by 2 PM ET on Thursday, May 16. Over the past five days alone, the stock has gained over 30%. The rally in VinFast’s stock is part of a broader trend seen in heavily shorted stocks following the GameStop Corp (NYSE:GME) ‘Roaring Kitty‘ rally. Also Read: What’s G…
