Volcon, Inc. (NASDAQ:VLCN – Get Free Report) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 48,700 shares, a decrease of 91.2% from the February 28th total of 555,000 shares. Based on an average daily volume of 1,420,000 shares, the short-interest ratio is currently 0.0 days. Currently, 1.4% of the shares of the company are sold short.
Volcon Stock Down 3.4 %
VLCN stock opened at $1.00 on Friday. Volcon has a 12 month low of $0.66 and a 12 month high of $590.48. The firm’s fifty day simple moving average is $1.65 and its 200-day simple moving average is $4.48. The company has a quick ratio of 1.71, a current ratio of 2.07 and a debt-to-equity ratio of 0.01.
Analyst Upgrades and Downgrades
Separately, Aegis raised Volcon to a “strong-buy” rating in a report on Wednesday, March 5th.
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.
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