Volcon, Inc. (NASDAQ:VLCN) Short Interest Update

Volcon, Inc. (NASDAQ:VLCN) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 48,700 shares, a decline of 91.2% from the February 28th total of 555,000 shares. Based on an average daily trading volume, of 1,420,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.4% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Aegis raised Volcon to a “strong-buy” rating in a research note on Wednesday, March 5th.

Volcon Price Performance

VLCN traded up $0.02 during trading hours on Wednesday, reaching $1.04. 527,764 shares of the company’s stock traded hands, compared to its average volume of 444,443. Volcon has a 52-week low of $0.66 and a 52-week high of $590.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.07 and a quick ratio of 1.71. The firm has a 50-day moving average price of $1.76 and a 200 day moving average price of $4.53.

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.