Volcon, Inc. (NASDAQ:EMPD) Sees Large Increase in Short Interest

Volcon, Inc. (NASDAQ:EMPD) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 2,075,079 shares, an increase of 19.7% from the February 12th total of 1,733,676 shares. Based on an average daily volume of 823,016 shares, the days-to-cover ratio is presently 2.5 days. Approximately 5.7% of the company’s stock are short sold. Approximately 5.7% of the company’s stock are short sold. Based on an average daily volume of 823,016 shares, the days-to-cover ratio is presently 2.5 days.

Insiders Place Their Bets

In other news, major shareholder Atg Capital Opportunities Fund acquired 559,183 shares of Volcon stock in a transaction on Tuesday, February 3rd. The stock was acquired at an average cost of $4.68 per share, with a total value of $2,616,976.44. Following the transaction, the insider owned 4,500,000 shares of the company’s stock, valued at approximately $21,060,000. This trade represents a 14.19% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought 1,119,771 shares of company stock worth $5,349,670 in the last 90 days. 0.13% of the stock is currently owned by insiders.

Volcon Price Performance

Shares of Volcon stock traded up $0.09 during trading hours on Tuesday, hitting $4.83. 1,026,190 shares of the company’s stock traded hands, compared to its average volume of 1,049,019. The stock has a market capitalization of $175.91 million, a price-to-earnings ratio of -0.31 and a beta of -0.59. Volcon has a 12-month low of $3.18 and a 12-month high of $44.09. The company has a fifty day simple moving average of $4.30 and a 200-day simple moving average of $5.51.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Volcon in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Volcon has a consensus rating of “Sell”.

Volcon Company Profile

Volcon, Inc (NASDAQ: EMPD) is a Texas‐based powersports company specializing in the design, development and distribution of electric off-road vehicles. Headquartered in Austin, Volcon aims to introduce zero-emission solutions to the traditionally gas-powered UTV and dirt bike markets. The company’s modular vehicle platforms blend electric drivetrains with rugged chassis designs, targeting recreational and utility riders seeking sustainable alternatives for trail, sand and farm use.

Volcon’s product lineup includes the Stag, a side-by-side utility terrain vehicle (UTV) engineered for work and play; the Grunt, an entry-level electric dirt bike offering trail-ready performance; and the Ranger, a dual-purpose e-adventure motorcycle suited for longer off-road excursions.