Volcon Inc’s recently made public that its 10% Owner SABBY MANAGEMENT, LLC acquired Company’s shares for reported $14156.0 on Aug 30 ’24. In the deal valued at $1.42 per share,10,000 shares were bought. As a result of this transaction, SABBY MANAGEMENT, LLC now holds 774,569 shares worth roughly $2.48 million.
Then, SABBY MANAGEMENT, LLC bought 21,998 shares, generating $32,907 in total proceeds. Upon buying the shares at $1.50, the 10% Owner now owns 761,505 shares.
Before that, SABBY MANAGEMENT, LLC bought 3,064 shares. Volcon Inc shares valued at $4,443 were divested by the 10% Owner at a price of $1.45 per share. As a result of the transaction, SABBY MANAGEMENT, LLC now holds 764,569 shares, worth roughly $2.45 million.
Price Performance Review of VLCN
On Tuesday, Volcon Inc [NASDAQ:VLCN] saw its stock fall -4.19% to $3.20. Over the last five days, the stock has lost -4.48%. Volcon Inc shares have fallen nearly -26.77% since the year began. Nevertheless, the stocks have fallen -99.91% over the past one year. While a 52-week high of $3872.00 was reached on 02/04/25, a 52-week low of $3.18 was recorded on 02/04/25. SMA at 50 days reached $4.03, while 200 days put it at $45.05.
Levels Of Support And Resistance For VLCN Stock
The 24-hour chart illustrates a support level at 0.81. On the upside, there is a resistance level at 7.85. A further resistance level may holdings at 12.49. The Relative Strength Index (RSI) on the 14-day chart is 30.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.01%. Stochastics %K at 14.08% indicates the stock is a buying.
How much short interest is there in Volcon Inc?
A steep rise in short interest was recorded in Volcon Inc stocks on 2025-01-15, growing by 24527.0 shares to a total of 76758.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 52231.0 shares. There was a rise of 31.95%, which implies that there is a positive sentiment for the stock.
