Short Interest in Volcon, Inc. (NASDAQ:VLCN) Grows By 67.9%

Volcon, Inc. (NASDAQ:VLCN) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 203,800 shares, a growth of 67.9% from the February 29th total of 121,400 shares. Currently, 80.5% of the shares of the company are short sold. Based on an average daily trading volume, of 3,840,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Volcon

A number of institutional investors and hedge funds have recently bought and sold shares of VLCN. Quadrature Capital Ltd purchased a new position in shares of Volcon during the third quarter valued at about $47,000. Jane Street Group LLC purchased a new position in shares of Volcon during the third quarter valued at about $47,000. Virtu Financial LLC purchased a new position in Volcon in the first quarter worth about $52,000. Northern Trust Corp purchased a new position in Volcon in the first quarter worth about $55,000. Finally, Renaissance Technologies LLC grew its position in Volcon by 135.3% in the first quarter. Renaissance Technologies LLC now owns 32,241 shares of the company’s stock worth $62,000 after acquiring an additional 18,541 shares in the last quarter.

Volcon Price Performance

NASDAQ VLCN opened at $0.68 on Thursday. Volcon has a 1-year low of $0.57 and a 1-year high of $378.00. The business’s fifty day moving average price is $2.18 and its 200-day moving average price is $27.14.

Volcon Company Profile

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.