Volcon, Inc. (NASDAQ:VLCN – Get 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
About Volcon
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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