Volcon, Inc. (NASDAQ:VLCN) Sees Significant Growth in Short Interest

Volcon, Inc. (NASDAQ:VLCN) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 544,800 shares, an increase of 75.2% from the March 31st total of 311,000 shares. Approximately 3.3% of the shares of the company are short sold. Based on an average daily volume of 4,770,000 shares, the short-interest ratio is presently 0.1 days.

Volcon Price Performance

VLCN stock opened at $0.25 on Friday. The firm’s fifty day simple moving average is $0.64 and its 200-day simple moving average is $12.82. The company has a market capitalization of $4.74 million, a P/E ratio of 0.00 and a beta of -0.97. Volcon has a 12 month low of $0.21 and a 12 month high of $306.00.

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.