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

Volcon, Inc. (NASDAQ:VLCNGet Free Report) 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:VLCNFree Report) 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:VLCNGet Free Report) 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

(Get Free Report)

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.

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