Mullen Automotive (NASDAQ:MULN) Trading Up 4.2%

Mullen Automotive, Inc. (NASDAQ:MULN)’s stock price traded up 4.2% during trading on Friday . The company traded as high as $4.25 and last traded at $4.18. 352,916 shares were traded during trading, a decline of 88% from the average session volume of 3,024,948 shares. The stock had previously closed at $4.01.

Mullen Automotive Trading Up 8.2 %

The stock has a fifty day simple moving average of $4.54 and a 200 day simple moving average of $9.27.

Mullen Automotive (NASDAQ:MULN) last issued its earnings results on Tuesday, May 14th. The company reported ($19.39) earnings per share (EPS) for the quarter. The company had revenue of $0.02 million during the quarter.

Hedge Funds Weigh In On Mullen Automotive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new stake in Mullen Automotive during the fourth quarter worth approximately $38,000. Virtu Financial LLC purchased a new stake in Mullen Automotive during the 1st quarter valued at $214,000. Finally, Bank of New York Mellon Corp lifted its position in Mullen Automotive by 1,064.7% in the third quarter. Bank of New York Mellon Corp now owns 263,844 shares of the company’s stock worth $120,000 after buying an additional 241,190 shares during the last quarter. 11.71% of the stock is owned by 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.