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Short Interest in Volcon, Inc. (NASDAQ:VLCN) Declines By 34.1%

kopsource ·  01/29 00:51

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.

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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 Outflows

A 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.

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.

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