Mullen Automotive (NASDAQ:MULN) Trading 3.9% Higher – Here’s What Happened

Mullen Automotive, Inc. (NASDAQ:MULN) was up 3.9% during mid-day trading on Monday . The stock traded as high as $1.72 and last traded at $1.72. Approximately 250,138 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 501,155 shares. The stock had previously closed at $1.65.

Mullen Automotive Stock Up 9.7 %

The company’s fifty day simple moving average is $5.70 and its 200 day simple moving average is $168.50.

Mullen Automotive (NASDAQ:MULN) last posted its quarterly earnings data on Monday, August 12th. The company reported ($791.00) earnings per share (EPS) for the quarter. The company had revenue of $0.07 million during the quarter.

Hedge Funds Weigh In On Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC bought a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned about 0.63% of Mullen Automotive as of its most recent SEC filing. 11.71% of the stock is owned by institutional investors.

About Mullen Automotive

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.