Volcon, Inc. (NASDAQ:VLCN) Sees Large Decrease in Short Interest

Volcon, Inc. (NASDAQ:VLCN) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totalling 207,400 shares, a decrease of 28.9% from the August 31st total of 291,800 shares. Approximately 4.5% of the shares of the company are short sold. Based on an average daily volume of 1,870,000 shares, the days-to-cover ratio is presently 0.1 days.

Insider Buying and Selling at Volcon

In other news, major shareholder Sabby Management, Llc bought 40,349 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average cost of $1.94 per share, with a total value of $78,277.06. Following the transaction, the insider now directly owns 517,892 shares in the company, valued at $1,004,710.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have purchased 270,636 shares of company stock worth $461,599. 0.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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 1st quarter, according to its most recent filing with the SEC. 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 Stock Performance

VLCN stock opened at $1.16 on Friday. Volcon has a one year low of $1.11 and a one year high of $11,475.00. The firm’s fifty day moving average is $1.66 and its 200 day moving average is $17.04.

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