Short Interest in Volcon, Inc. (NASDAQ:VLCN) Grows By 40.8%

Volcon, Inc. (NASDAQ:VLCN) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 73,500 shares, a growth of 40.8% from the December 15th total of 52,200 shares. Based on an average daily trading volume, of 42,800 shares, the days-to-cover ratio is presently 1.7 days. Currently, 13.1% of the company’s stock are sold short.

Volcon Stock Performance

VLCN opened at $3.74 on Wednesday. Volcon has a 12-month low of $3.49 and a 12-month high of $5,889.60. The business’s fifty day simple moving average is $4.47 and its 200-day simple moving average is $10.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.07 and a quick ratio of 1.71.

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.