Volcon, Inc. (NASDAQ:VLCN) Major Shareholder Buys $134,978.94 in Stock

Volcon, Inc. (NASDAQ:VLCN) major shareholder Sabby Management, Llc purchased 74,574 shares of the company’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 purchase, the insider now owns 592,466 shares of the company’s stock, valued at $1,072,363.46. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, August 7th, Sabby Management, Llc acquired 43,756 shares of Volcon stock. The shares were purchased at an average cost of $1.76 per share, for a total transaction of $77,010.56.
• On Friday, August 2nd, Sabby Management, Llc bought 40,349 shares of Volcon stock. The stock was purchased at an average cost of $1.94 per share, with a total value of $78,277.06.

Volcon Stock Up 0.6 %

VLCN stock opened at $1.72 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.17 and a quick ratio of 0.47. Volcon, Inc. has a one year low of $1.63 and a one year high of $14,598.00. The company’s 50 day moving average price is $5.12 and its two-hundred day moving average price is $80.31.

Volcon (NASDAQ:VLCN) last issued its earnings results on Tuesday, August 6th. The company reported ($1.51) EPS for the quarter. The company had revenue of $0.94 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Volcon stock. Virtu Financial LLC purchased a new position in shares of Volcon, Inc. (NASDAQ:VLCN) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 46,647 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned about 0.19% of Volcon at the end of the most recent reporting period.

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.