Mullen Automotive Stock Set to Reverse Split on Tuesday, February 18th (NASDAQ:MULN)

Mullen Automotive, Inc. (NASDAQ:MULN) shares are scheduled to reverse split on Tuesday, February 18th. The 1-60 reverse split was announced on Thursday, February 13th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, February 17th.

Mullen Automotive Trading Down 26.2 %

Shares of NASDAQ:MULN opened at $0.22 on Friday. Mullen Automotive has a 1-year low of $0.18 and a 1-year high of $987.00. The firm has a fifty day moving average price of $0.80 and a 200 day moving average price of $12.54.

Hedge Funds Weigh In On Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC purchased a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned approximately 0.34% of Mullen Automotive as of its most recent SEC filing. 11.71% of the stock is owned by hedge funds and other institutional investors.

About Mullen Automotive

Mullen Automotive, Inc, an electric vehicle company, manufactures, sells, and distributes electric vehicles. Its products include passenger electric vehicles and commercial vehicles; and provides solid-state polymer battery technology. The company is headquartered in Brea, California.