Volcon, Inc. (NASDAQ:EMPD) Sees Significant Decrease in Short Interest

Volcon, Inc. (NASDAQ:EMPD) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 801,200 shares, a decline of 42.8% from the September 30th total of 1,400,000 shares. Based on an average daily volume of 819,100 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.8% of the shares of the stock are sold short. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily volume of 819,100 shares, the days-to-cover ratio is currently 1.0 days.

Volcon Stock Performance

EMPD opened at $6.97 on Monday. The stock has a market capitalization of $308.21 million, a price-to-earnings ratio of -0.03 and a beta of -0.62. The company has a fifty day moving average of $7.28 and a 200 day moving average of $7.46. Volcon has a fifty-two week low of $4.40 and a fifty-two week high of $80.80.

Volcon (NASDAQ:EMPD) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($7.57) EPS for the quarter. The company had revenue of $0.70 million during the quarter. Volcon had a negative return on equity of 282.87% and a negative net margin of 720.28%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Volcon in a research note on Wednesday, October 8th. Wall Street Zen raised Volcon to a “sell” rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Volcon presently has a consensus rating of “Moderate Buy”.

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.