Mullen Automotive, Inc. (NASDAQ:MULN) Sees Large Growth in Short Interest

Mullen Automotive, Inc. (NASDAQ:MULN) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 3,010,000 shares, an increase of 28.1% from the December 15th total of 2,350,000 shares. Approximately 46.3% of the company’s stock are sold short. Based on an average daily trading volume, of 5,080,000 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC bought a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned about 0.34% of Mullen Automotive at the end of the most recent quarter. 11.71% of the stock is currently owned by institutional investors and hedge funds.

Mullen Automotive Trading Down 0.7 %

MULN traded down $0.00 during trading on Friday, hitting $0.48. The company had a trading volume of 4,158,194 shares, compared to its average volume of 7,059,010. The firm’s 50-day moving average price is $1.70 and its 200 day moving average price is $37.05. Mullen Automotive has a one year low of $0.36 and a one year high of $1,067.99.

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.