Bollinger Innovations Inc. (NASDAQ:BINI) Short Interest Update

Bollinger Innovations Inc. (NASDAQ:BINI) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 314,500 shares, a decline of 49.2% from the September 30th total of 618,700 shares. Based on an average trading volume of 9,893,800 shares, the days-to-cover ratio is currently 0.0 days. Currently, 64.4% of the shares of the company are short sold. Currently, 64.4% of the shares of the company are short sold. Based on an average trading volume of 9,893,800 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Bollinger Innovations to a “sell” rating in a research note on Friday, September 26th.

Bollinger Innovations Stock Performance

Shares of NASDAQ BINI opened at $0.14 on Friday. The firm has a 50 day moving average of $20.28 and a 200 day moving average of $753,415.70. Bollinger Innovations has a 12-month low of $0.01 and a 12-month high of $0.15.

Bollinger Innovations (NASDAQ:BINI) last announced its earnings results on Thursday, August 14th. The company reported ($2,807,825.00) earnings per share (EPS) for the quarter. The company had revenue of $0.47 million for the quarter.

Bollinger Innovations 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.