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

Volcon, Inc. (NASDAQ:EMPD) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 1,698,147 shares, an increase of 39.8% from the January 15th total of 1,214,800 shares. Currently, 4.7% of the shares of the company are sold short. Based on an average daily trading volume, of 1,121,919 shares, the short-interest ratio is presently 1.5 days. Based on an average daily trading volume, of 1,121,919 shares, the short-interest ratio is presently 1.5 days. Currently, 4.7% of the shares of the company are sold short.

Volcon Stock Performance

Shares of NASDAQ:EMPD traded up $0.26 during midday trading on Friday, reaching $3.76. The company had a trading volume of 1,204,000 shares, compared to its average volume of 1,207,663. The company has a fifty day simple moving average of $4.48 and a two-hundred day simple moving average of $6.24. The firm has a market cap of $136.94 million, a price-to-earnings ratio of -0.24 and a beta of -0.60. Volcon has a 1-year low of $3.18 and a 1-year high of $44.09.

Insider Activity

In other Volcon news, major shareholder Atg Capital Opportunities Fund acquired 559,183 shares of the firm’s stock in a transaction that occurred 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 acquisition, the insider directly owned 4,500,000 shares of the company’s stock, valued at $21,060,000. This represents a 14.19% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 1,119,771 shares of company stock worth $5,349,670 in the last three months. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Volcon in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.