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

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

Insider Buying and Selling

In other Volcon 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 stock was bought at an average price of $12.00 per share, for a total transaction of $32,988.00. Following the acquisition, the insider now directly owns 95,188 shares in the company, valued at $1,142,256. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought 9,808 shares of company stock valued at $116,498 in the last ninety days. 0.13% of the stock is owned by company insiders.

Hedge Funds Weigh In On Volcon

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

Volcon Stock Performance

Shares of VLCN stock opened at $6.78 on Wednesday. Volcon has a fifty-two week low of $5.13 and a fifty-two week high of $28,800.00. The stock’s 50-day simple moving average is $7.92 and its 200-day simple moving average is $53.67.

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.