Short Interest in Volcon, Inc. (NASDAQ:EMPD) Increases By 19.7%

Volcon, Inc. (NASDAQ:EMPD) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 2,075,079 shares, an increase of 19.7% from the February 12th total of 1,733,676 shares. Currently, 5.7% of the company’s stock are short sold. Based on an average daily volume of 823,016 shares, the short-interest ratio is currently 2.5 days. Based on an average daily volume of 823,016 shares, the short-interest ratio is currently 2.5 days. Currently, 5.7% of the company’s stock are short sold.

Insiders Place Their Bets

In other news, major shareholder Atg Capital Opportunities Fund bought 559,183 shares of the stock in a transaction on Tuesday, February 3rd. The stock was acquired at an average cost of $4.68 per share, for a total transaction of $2,616,976.44. Following the acquisition, the insider owned 4,500,000 shares of the company’s stock, valued at $21,060,000. This represents a 14.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders acquired 1,119,771 shares of company stock worth $5,349,670. Insiders own 0.13% of the company’s stock.

Volcon Trading Up 1.9%

EMPD opened at $4.83 on Wednesday. The firm has a market cap of $175.91 million, a price-to-earnings ratio of -0.31 and a beta of -0.59. Volcon has a 12 month low of $3.18 and a 12 month high of $44.09. The stock has a fifty day moving average price of $4.30 and a 200-day moving average price of $5.49.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Volcon in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Volcon

Volcon, Inc (NASDAQ: EMPD) is a Texas‐based powersports company specializing in the design, development and distribution of electric off-road vehicles. Headquartered in Austin, Volcon aims to introduce zero-emission solutions to the traditionally gas-powered UTV and dirt bike markets. The company’s modular vehicle platforms blend electric drivetrains with rugged chassis designs, targeting recreational and utility riders seeking sustainable alternatives for trail, sand and farm use.

Volcon’s product lineup includes the Stag, a side-by-side utility terrain vehicle (UTV) engineered for work and play; the Grunt, an entry-level electric dirt bike offering trail-ready performance; and the Ranger, a dual-purpose e-adventure motorcycle suited for longer off-road excursions.