Volcon, Inc. (NASDAQ:VLCN) Short Interest Down 35.3% in March

Volcon, Inc. (NASDAQ:VLCN) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 31,500 shares, a decrease of 35.3% from the March 15th total of 48,700 shares. Based on an average trading volume of 1,440,000 shares, the short-interest ratio is currently 0.0 days. Currently, 0.8% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Aegis upgraded shares of Volcon to a “strong-buy” rating in a report on Wednesday, March 5th.

Volcon Trading Down 8.0 %

Shares of VLCN traded down $0.07 during midday trading on Friday, reaching $0.78. The stock had a trading volume of 26,432 shares, compared to its average volume of 448,179. The company’s fifty day simple moving average is $0.90 and its two-hundred day simple moving average is $3.47. Volcon has a 1-year low of $0.66 and a 1-year high of $330.16. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.07 and a quick ratio of 1.71.

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.