Volcon, Inc. (NASDAQ:VLCN – Get Rating) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 260,800 shares, a decline of 34.1% from the December 31st total of 395,800 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average daily trading volume, of 109,700 shares, the short-interest ratio is currently 2.4 days.
Volcon Stock Performance
Shares of VLCN stock traded up $0.12 during trading hours on Friday, reaching $1.67. 196,346 shares of the company traded hands, compared to its average volume of 114,401. Volcon has a 12-month low of $0.91 and a 12-month high of $4.42. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $1.18 and a 200 day moving average price of $1.67.Get Volcon alerts:
Volcon (NASDAQ:VLCN – Get Rating) last posted its quarterly earnings data on Thursday, November 10th. The company reported ($0.32) earnings per share for the quarter. Volcon had a negative net margin of 988.41% and a negative return on equity of 416.47%. The company had revenue of $0.24 million for the quarter.
Institutional Inflows and OutflowsA number of large investors have recently added to or reduced their stakes in the business. KG&L Capital Management LLC bought a new stake in Volcon in the 3rd quarter worth approximately $26,000. Quadrature Capital Ltd bought a new stake in Volcon in the 3rd quarter worth approximately $47,000. Jane Street Group LLC bought a new stake in Volcon in the 3rd quarter worth approximately $47,000. Virtu Financial LLC bought a new stake in Volcon in the 1st quarter worth approximately $52,000. Finally, Northern Trust Corp bought a new stake in Volcon in the 1st quarter worth approximately $55,000. 4.23% of the stock is owned by hedge funds and other institutional investors.
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.
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