Volcon, Inc. (NASDAQ:VLCN) Short Interest Up 70.7% in October

Volcon, Inc. (NASDAQ:VLCN) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 466,900 shares, an increase of 70.7% from the September 30th total of 273,600 shares. Based on an average daily volume of 351,000 shares, the short-interest ratio is presently 1.3 days. Currently, 10.0% of the shares of the company are sold short.

Insider Buying and Selling at Volcon

In other news, major shareholder Sabby Management, Llc purchased 74,574 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $1.81 per share, with a total value of $134,978.94. Following the transaction, the insider now directly owns 592,466 shares of the company’s stock, valued at approximately $1,072,363.46. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders bought 270,528 shares of company stock valued at $461,110. Company insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On Volcon

A hedge fund recently bought a new stake in Volcon stock. Virtu Financial LLC acquired a new position in Volcon, Inc. (NASDAQ:VLCN) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 46,647 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned approximately 0.19% of Volcon as of its most recent filing with the Securities & Exchange Commission.

Volcon Stock Performance

Shares of VLCN stock opened at $0.84 on Friday. The firm’s 50 day moving average is $1.17 and its 200 day moving average is $9.11. Volcon has a 12 month low of $0.73 and a 12 month high of $5,985.00.

Volcon (NASDAQ:VLCN) last posted its quarterly earnings results 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

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.