Volcon, Inc. (NASDAQ:VLCN – Get Free Report) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 48,700 shares, a drop of 91.2% from the February 28th total of 555,000 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 1,420,000 shares, the days-to-cover ratio is currently 0.0 days.
Volcon Price Performance
NASDAQ:VLCN opened at $1.04 on Thursday. Volcon has a fifty-two week low of $0.66 and a fifty-two week high of $590.48. The company has a current ratio of 2.07, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $1.71 and a 200-day moving average price of $4.50.
Analysts Set New Price Targets
Separately, Aegis upgraded Volcon to a “strong-buy” rating in a research note on Wednesday, March 5th.
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.
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