Mullen Automotive Sees Unusually High Options Volume (NASDAQ:MULN)

Mullen Automotive, Inc. (NASDAQ:MULN) saw unusually large options trading activity on Monday. Stock investors bought 9,708 put options on the stock. This represents an increase of 490% compared to the typical daily volume of 1,646 put options.

Hedge Funds Weigh In On Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC purchased a new position in Mullen Automotive, Inc. (NASDAQ:MULN) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned 0.63% of Mullen Automotive at the end of the most recent quarter. 11.71% of the stock is currently owned by hedge funds and other institutional investors.

Mullen Automotive Price Performance

Shares of MULN stock opened at $0.12 on Tuesday. Mullen Automotive has a 12-month low of $0.11 and a 12-month high of $75.00. The firm has a fifty day moving average of $0.83 and a 200-day moving average of $3.07.

Mullen Automotive (NASDAQ:MULN) last posted its quarterly earnings data on Monday, August 12th. The company reported ($7.91) earnings per share (EPS) for the quarter. The company had revenue of $0.07 million during the quarter.

Mullen Automotive Company Profile

Mullen Automotive, Inc, an electric vehicle company, manufactures, sells, and distributes electric vehicles. Its products include passenger electric vehicles and commercial vehicles; and provides solid-state polymer battery technology. The company is headquartered in Brea, California.