Short Interest in Volcon, Inc. (NASDAQ:VLCN) Rises By 70.7%

Volcon, Inc. (NASDAQ:VLCN) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 466,900 shares, a growth of 70.7% from the September 30th total of 273,600 shares. Currently, 10.0% of the company’s stock are sold short. Based on an average daily trading volume, of 351,000 shares, the short-interest ratio is presently 1.3 days.

Insider Buying and Selling at Volcon

In other Volcon news, major shareholder Sabby Management, Llc bought 74,574 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $1.81 per share, with a total value of $134,978.94. Following the completion of the transaction, the insider now directly owns 592,466 shares in the company, valued at approximately $1,072,363.46. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last three months, insiders have acquired 270,528 shares of company stock valued at $461,110. Corporate insiders own 0.13% of the company’s stock.

Institutional Trading of Volcon

An institutional investor recently bought a new position in Volcon stock. Virtu Financial LLC acquired a new position in shares of Volcon, Inc. (NASDAQ:VLCN) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 46,647 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned about 0.19% of Volcon as of its most recent filing with the Securities and Exchange Commission (SEC).

Volcon Stock Down 0.9 %

Shares of NASDAQ:VLCN opened at $0.84 on Friday. The business’s 50 day moving average is $1.17 and its 200 day moving average is $9.11. Volcon has a 12-month low of $0.73 and a 12-month high of $5,985.00.

Volcon (NASDAQ:VLCN) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($1.51) earnings per share (EPS) for the quarter. The business had revenue of $0.94 million for the quarter.

Volcon Company Profile

Volcon, Inc develops, manufactures, and sells electric off road powersport vehicles in the United States. It provides electric two and four-wheel motorcycles, and utility terrain vehicles through its dealers. The company also offers a line of upgrades and accessories. Its products are designed for family off-road adventures, and work on the farm and fun transport around private land applications.