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

Volcon, Inc. (NASDAQ:VLCN) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 52,200 shares, a decrease of 31.1% from the November 30th total of 75,800 shares. Based on an average trading volume of 41,900 shares, the days-to-cover ratio is presently 1.2 days. Approximately 9.3% of the shares of the company are sold short.

Volcon Stock Performance

Shares of VLCN stock traded up $0.12 during mid-day trading on Friday, reaching $4.03. The stock had a trading volume of 20,667 shares, compared to its average volume of 75,867. The business has a 50-day simple moving average of $5.06 and a 200 day simple moving average of $13.86. Volcon has a 12-month low of $3.49 and a 12-month high of $6,300.00. The company has a current ratio of 2.07, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01.

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.