Volcon, Inc. (NASDAQ:VLCN) Sees Significant Increase in Short Interest

Volcon, Inc. (NASDAQ:VLCN) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 74,700 shares, a growth of 60.3% from the October 31st total of 46,600 shares. Currently, 12.8% of the company’s shares are sold short. Based on an average daily volume of 45,300 shares, the days-to-cover ratio is currently 1.6 days.

Volcon Trading Up 3.0 %

VLCN opened at $4.51 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.07 and a quick ratio of 1.71. Volcon has a 1 year low of $3.49 and a 1 year high of $7,941.60. The firm has a 50 day moving average price of $6.57 and a 200 day moving average price of $38.24.

Institutional Investors Weigh In On Volcon

A hedge fund recently bought a new stake in Volcon stock. Virtu Financial LLC bought a new stake in shares of Volcon, Inc. (NASDAQ:VLCN) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 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 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.