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

Volcon, Inc. (NASDAQ:VLCNGet Free Report) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 46,600 shares, a drop of 90.0% from the October 15th total of 466,900 shares. Approximately 8.0% of the company’s shares are short sold. Based on an average daily volume of 42,600 shares, the days-to-cover ratio is currently 1.1 days.

Volcon Stock Down 4.4 %

Shares of Volcon stock traded down $0.22 during trading on Thursday, reaching $4.75. 63,540 shares of the company were exchanged, compared to its average volume of 79,773. The business has a 50-day moving average price of $7.79 and a 200-day moving average price of $53.33. Volcon has a twelve month low of $4.61 and a twelve month high of $26,643.60.

Insider Buying and Selling

In other Volcon news, major shareholder Sabby Management, Llc bought 2,219 shares of the stock in a transaction on Wednesday, August 21st. The stock was purchased at an average price of $12.00 per share, with a total value of $26,628.00. Following the acquisition, the insider now owns 95,251 shares of the company’s stock, valued at approximately $1,143,012. The trade was a 2.39 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought a total of 9,808 shares of company stock worth $116,498 over the last three months. 0.13% of the stock is currently owned by company insiders.

Institutional Trading of Volcon

An institutional investor recently bought a new position in Volcon stock. Virtu Financial LLC acquired a new stake in shares of Volcon, Inc. (NASDAQ:VLCNFree Report) in the first quarter, according to the company in its most recent 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 0.19% of Volcon as of its most recent filing with the Securities & Exchange Commission.

About Volcon

(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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