Short Interest in Mullen Automotive, Inc. (NASDAQ:MULN) Grows By 28.1%

Mullen Automotive, Inc. (NASDAQ:MULN) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 3,010,000 shares, a growth of 28.1% from the December 15th total of 2,350,000 shares. Based on an average daily volume of 5,080,000 shares, the short-interest ratio is presently 0.6 days. Approximately 46.3% of the shares of the company are short sold.

Mullen Automotive Trading Down 0.7 %

Mullen Automotive stock traded down $0.00 during trading hours on Friday, hitting $0.48. The stock had a trading volume of 4,158,194 shares, compared to its average volume of 7,059,010. The company has a 50-day moving average of $1.70 and a two-hundred day moving average of $37.05. Mullen Automotive has a fifty-two week low of $0.36 and a fifty-two week high of $1,067.99.

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 position in Mullen Automotive, Inc. (NASDAQ:MULN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned approximately 0.34% of Mullen Automotive at the end of the most recent quarter. Institutional investors and hedge funds own 11.71% of the company’s stock.

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.