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

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

Volcon Stock Performance

Shares of VLCN traded down $0.22 during midday trading on Thursday, hitting $4.75. The stock had a trading volume of 63,540 shares, compared to its average volume of 79,773. The company has a 50 day simple moving average of $7.79 and a two-hundred day simple moving average 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 at Volcon

In related news, major shareholder Sabby Management, Llc acquired 2,749 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average cost of $12.00 per share, for a total transaction of $32,988.00. Following the completion of the acquisition, the insider now directly owns 95,188 shares in the company, valued at approximately $1,142,256. The trade was a 2.97 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders acquired 9,808 shares of company stock valued at $116,498. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Volcon stock. Virtu Financial LLC purchased a new position in shares of Volcon, Inc. (NASDAQ:VLCN) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 46,647 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned approximately 0.19% of Volcon at the end of the most recent reporting period.

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.