Mullen Automotive (NASDAQ:MULN) Shares Down 0.5% – What’s Next?

Mullen Automotive, Inc. (NASDAQ:MULN) was down 0.5% during trading on Monday . The stock traded as low as $0.21 and last traded at $0.22. Approximately 2,654,943 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 14,560,515 shares. The stock had previously closed at $0.22.

Mullen Automotive Trading Up 18.1 %

The business’s fifty day moving average is $0.88 and its 200 day moving average is $12.72.

Institutional Trading of Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC purchased a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned about 0.34% of Mullen Automotive as of its most recent SEC filing. Institutional investors and hedge funds own 11.71% of the company’s stock.

Mullen Automotive Company Profile

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.