Short Interest in Volcon, Inc. (NASDAQ:VLCN) Grows By 366.5%

Volcon, Inc. (NASDAQ:VLCN) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 284,100 shares, a growth of 366.5% from the January 31st total of 60,900 shares. Currently, 50.7% of the company’s stock are short sold. Based on an average daily volume of 1,120,000 shares, the days-to-cover ratio is currently 0.3 days.

Volcon Trading Up 6.4 %

Shares of VLCN opened at $0.99 on Friday. The firm has a 50-day moving average of $2.92 and a 200-day moving average of $6.07. Volcon has a one year low of $0.86 and a one year high of $1,904.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.07 and a quick ratio of 1.71.

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.