Volcon, Inc. (NASDAQ:VLCN) Short Interest Up 60.3% in November

Volcon, Inc. (NASDAQ:VLCN) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 74,700 shares, an increase of 60.3% from the October 31st total of 46,600 shares. Based on an average trading volume of 45,300 shares, the short-interest ratio is currently 1.6 days. Currently, 12.8% of the shares of the company are sold short.

Volcon Price Performance

Shares of Volcon stock opened at $4.41 on Friday. The business’s fifty day simple moving average is $6.47 and its 200 day simple moving average is $34.63. The company has a current ratio of 2.07, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01. Volcon has a 12 month low of $3.49 and a 12 month high of $7,941.60.

Hedge Funds Weigh In On Volcon

A hedge fund recently bought a new stake in Volcon stock. Virtu Financial LLC acquired a new position in Volcon, Inc. (NASDAQ:VLCN) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 46,647 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned 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.