Volcon, Inc. (NASDAQ:VLCN) Short Interest Up 113.4% in June

Volcon, Inc. (NASDAQ:VLCN) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 31,800 shares, an increase of 113.4% from the May 31st total of 14,900 shares. Currently, 9.6% of the shares of the company are short sold. Based on an average daily volume of 685,400 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Volcon

A hedge fund recently bought a new stake in Volcon stock. Virtu Financial LLC acquired a new position in shares of Volcon, Inc. (NASDAQ:VLCN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 46,647 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned approximately 0.19% of Volcon at the end of the most recent quarter.

Volcon Price Performance

NASDAQ VLCN traded down $0.81 during trading on Friday, reaching $4.28. The company’s stock had a trading volume of 662,286 shares, compared to its average volume of 2,239,965. The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt-to-equity ratio of 0.01. Volcon has a twelve month low of $3.36 and a twelve month high of $16,425.00. The business’s fifty day moving average price is $18.30 and its 200-day moving average price is $168.26.

Volcon (NASDAQ:VLCN) last issued its earnings results on Tuesday, May 7th. The company reported ($57.00) earnings per share for the quarter. The firm had revenue of $1.03 million for the quarter.

About Volcon

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.