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

Volcon, Inc. (NASDAQ:EMPD) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 1,182,209 shares, a drop of 17.1% from the December 15th total of 1,426,892 shares. Approximately 3.2% of the company’s stock are short sold. Based on an average daily trading volume, of 524,490 shares, the days-to-cover ratio is currently 2.3 days. Based on an average daily trading volume, of 524,490 shares, the days-to-cover ratio is currently 2.3 days. Approximately 3.2% of the company’s stock are short sold.

Volcon Trading Down 8.9%

Shares of EMPD stock traded down $0.43 during trading on Tuesday, hitting $4.41. The company’s stock had a trading volume of 937,710 shares, compared to its average volume of 588,303. Volcon has a 52 week low of $4.03 and a 52 week high of $80.80. The company has a market cap of $160.63 million, a PE ratio of -0.29 and a beta of -0.61. The business has a fifty day moving average of $4.80 and a 200-day moving average of $7.17.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Volcon in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently 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.