Volcon, Inc. (NASDAQ:VLCN) Short Interest Down 28.9% in September

Volcon, Inc. (NASDAQ:VLCN) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 207,400 shares, a decline of 28.9% from the August 31st total of 291,800 shares. Based on an average daily volume of 1,870,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 4.5% of the company’s stock are short sold.

Volcon Stock Performance

NASDAQ VLCN traded up $0.02 on Friday, hitting $1.20. 17,557 shares of the company’s stock were exchanged, compared to its average volume of 696,981. Volcon has a fifty-two week low of $1.11 and a fifty-two week high of $11,475.00. The firm’s 50-day moving average price is $1.70 and its two-hundred day moving average price is $18.12.

Volcon (NASDAQ:VLCN) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($1.51) EPS for the quarter. The company had revenue of $0.94 million during the quarter.

Insider Buying and Selling

In other Volcon news, major shareholder Sabby Management, Llc bought 21,998 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average price of $1.50 per share, for a total transaction of $32,997.00. Following the completion of the purchase, the insider now owns 761,505 shares of the company’s stock, valued at $1,142,257.50. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders acquired a total of 270,636 shares of company stock worth $461,599 over the last 90 days. 0.13% of the stock is owned by 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 first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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.

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.