Volcon, Inc. (NASDAQ:VLCN) Short Interest Down 90.0% in October

Volcon, Inc. (NASDAQ:VLCN) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 46,600 shares, a decline of 90.0% from the October 15th total of 466,900 shares. Based on an average daily volume of 42,600 shares, the days-to-cover ratio is presently 1.1 days. Approximately 8.0% of the shares of the stock are sold short.

Insiders Place Their Bets

In other news, major shareholder Sabby Management, Llc bought 2,749 shares of Volcon stock in a transaction dated Wednesday, August 28th. The shares were purchased at an average cost of $12.00 per share, with a total value of $32,988.00. Following the completion of the acquisition, the insider now owns 95,188 shares of the company’s stock, valued at $1,142,256. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased a total of 9,808 shares of company stock worth $116,498 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Volcon

An institutional investor recently bought a new position in Volcon stock. Virtu Financial LLC bought a new stake in shares of Volcon, Inc. (NASDAQ:VLCN) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 and Exchange Commission.

Volcon Trading Down 0.9 %

VLCN stock opened at $6.78 on Wednesday. The company has a fifty day simple moving average of $7.92 and a two-hundred day simple moving average of $53.67. Volcon has a 52 week low of $5.13 and a 52 week high of $28,800.00.

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.