Mullen Automotive (NASDAQ:MULN) Trading Down 11.7%

Shares of Mullen Automotive, Inc. (NASDAQ:MULN) were down 11.7% during mid-day trading on Thursday . The company traded as low as $3.20 and last traded at $3.33. Approximately 900,875 shares changed hands during trading, an increase of 0% from the average daily volume of 897,588 shares. The stock had previously closed at $3.77.

Mullen Automotive Trading Down 0.3 %

The business has a 50-day moving average price of $5.30 and a 200-day moving average price of $13.06.

Mullen Automotive (NASDAQ:MULN) last issued its quarterly earnings results on Tuesday, February 13th. The company reported ($15.32) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Mullen Automotive

An institutional investor recently raised its position in Mullen Automotive stock. Bank of New York Mellon Corp raised its holdings in Mullen Automotive, Inc. (NASDAQ:MULN) by 1,064.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 263,844 shares of the company’s stock after purchasing an additional 241,190 shares during the quarter. Bank of New York Mellon Corp owned 0.14% of Mullen Automotive worth $120,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 11.71% of the company’s stock.

Mullen Automotive Company Profile

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.