Volcon, Inc. (NASDAQ:VLCN) Major Shareholder Sabby Management, Llc Purchases 74,574 Shares

Volcon, Inc. (NASDAQ:VLCN) major shareholder Sabby Management, Llc bought 74,574 shares of the business’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $1.81 per share, with a total value of $134,978.94. Following the transaction, the insider now owns 592,466 shares in the company, valued at $1,072,363.46. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Sabby Management, Llc also recently made the following trade(s):

• On Friday, August 2nd, Sabby Management, Llc bought 40,349 shares of Volcon stock. The shares were purchased at an average cost of $1.94 per share, with a total value of $78,277.06.

Volcon Stock Up 8.4 %

Shares of VLCN traded up $0.15 during trading hours on Tuesday, reaching $1.94. 322,295 shares of the company traded hands, compared to its average volume of 770,751. The stock’s fifty day moving average is $6.22 and its 200 day moving average is $84.65. The company has a quick ratio of 0.47, a current ratio of 1.17 and a debt-to-equity ratio of 0.01. Volcon, Inc. has a 1-year low of $1.75 and a 1-year high of $14,598.00.

Volcon (NASDAQ:VLCN) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($57.00) EPS for the quarter. The firm had revenue of $1.03 million for the quarter.

Institutional Inflows and Outflows

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