Volcon, Inc. (NASDAQ:VLCN – Get Rating) saw a significant increase in short interest in the month of December. As of December 30th, there was short interest totalling 395,800 shares, an increase of 42.0% from the December 15th total of 278,800 shares. Based on an average trading volume of 102,400 shares, the days-to-cover ratio is presently 3.9 days. Currently, 2.3% of the shares of the company are sold short.
Volcon Trading Down 4.4 %
Shares of VLCN traded down $0.06 during midday trading on Friday, hitting $1.31. 86,536 shares of the stock traded hands, compared to its average volume of 124,953. Volcon has a 1-year low of $0.91 and a 1-year high of $8.33. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.24 and a current ratio of 1.34. The business's 50 day moving average price is $1.16 and its two-hundred day moving average price is $1.68.
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Volcon (NASDAQ:VLCN – Get Rating) last announced its quarterly earnings results on Thursday, November 10th. The company reported ($0.32) earnings per share (EPS) for the quarter. Volcon had a negative net margin of 988.41% and a negative return on equity of 416.47%. The firm had revenue of $0.24 million for the quarter.
Hedge Funds Weigh In On Volcon
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Volcon by 250.4% during the first quarter. Vanguard Group Inc. now owns 317,345 shares of the company's stock valued at $606,000 after acquiring an additional 226,790 shares during the period. Northern Trust Corp bought a new stake in shares of Volcon in the 1st quarter worth $55,000. Renaissance Technologies LLC lifted its holdings in shares of Volcon by 135.3% in the first quarter. Renaissance Technologies LLC now owns 32,241 shares of the company's stock valued at $62,000 after buying an additional 18,541 shares during the period. State Street Corp bought a new position in Volcon during the first quarter valued at about $69,000. Finally, Virtu Financial LLC acquired a new position in Volcon during the first quarter worth about $52,000. Institutional investors and hedge funds own 4.23% of the company's stock.
About Volcon
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Volcon, Inc develops, manufactures, and sells electric off road powersport vehicles in the United States and Latin America. 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.
Further Reading
- Get a free copy of the StockNews.com research report on Volcon (VLCN)
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