Mullen Automotive (NASDAQ:MULN) Stock Price Down 11.2%

Mullen Automotive, Inc. (NASDAQ:MULN) shares fell 11.2% during mid-day trading on Tuesday . The stock traded as low as $0.15 and last traded at $0.15. 19,773,037 shares changed hands during trading, an increase of 64% from the average session volume of 12,079,220 shares. The stock had previously closed at $0.17.

Mullen Automotive Stock Up 1.8 %

The business’s fifty day simple moving average is $0.97 and its 200 day simple moving average is $3.21.

Mullen Automotive (NASDAQ:MULN) last posted its quarterly earnings results on Monday, August 12th. The company reported ($7.91) EPS for the quarter. The firm had revenue of $0.07 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC acquired a new position in Mullen Automotive, Inc. (NASDAQ:MULN) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned approximately 0.63% of Mullen Automotive at the end of the most recent reporting period. 11.71% of the stock is owned by institutional investors.

Mullen Automotive Company Profile

Mullen Automotive, Inc, an electric vehicle company, manufactures, sells, and distributes electric vehicles. Its products include passenger electric vehicles and commercial vehicles; and provides solid-state polymer battery technology. The company is headquartered in Brea, California.