Volcon, Inc. (NASDAQ:VLCN) Short Interest Update

Volcon, Inc. (NASDAQ:VLCN) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 272,400 shares, an increase of 59.4% from the June 30th total of 170,900 shares. Based on an average daily volume of 1,690,000 shares, the short-interest ratio is currently 0.2 days. Currently, 7.9% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Volcon stock. Virtu Financial LLC acquired a new stake in Volcon, Inc. (NASDAQ:VLCN) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 and Exchange Commission.

Volcon Stock Down 3.4 %

NASDAQ VLCN opened at $2.57 on Monday. The stock has a fifty day simple moving average of $8.50 and a 200-day simple moving average of $104.24. The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt-to-equity ratio of 0.01. Volcon has a twelve month low of $2.51 and a twelve month high of $14,598.00.

Volcon (NASDAQ:VLCN) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($57.00) EPS for the quarter. The business had revenue of $1.03 million for 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.