Mullen Automotive (MULN) Short Interest Ratio & Short Volume

Short interest is the volume of Mullen Automotive shares that have been sold short but have not yet been closed out or covered. As of November 15th, traders have sold 51,590,000 shares of MULN short. 15.20% of Mullen Automotive's shares are currently sold short. Learn More on Mullen Automotive's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. MULN shares currently have a short interest ratio of 1.0. Learn More on Mullen Automotive's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Mullen Automotive: GTS Securities LLC, Wolverine Trading LLC, Group One Trading L.P., HighTower Advisors LLC, Cutler Group LLC CA, Simplex Trading LLC, Belvedere Trading LLC, and Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 15.20% of Mullen Automotive's floating shares are currently sold short.

Mullen Automotive saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 51,590,000 shares, an increase of 4.9% from the previous total of 49,170,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Mullen Automotive currently has issued a total of 311,040,000 shares. Some of Mullen Automotive's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Mullen Automotive currently has a public float of 339,510,000 shares.

15.20% of Mullen Automotive's shares are currently sold short. Here is how the short interest of companies in the sector of "auto/tires/trucks" compare to Mullen Automotive: Electrameccanica Vehicles Corp. (2.96%), Cepton, Inc. (1.86%), Xos, Inc. (7.08%), Cenntro Electric Group Limited (3.72%), Vicinity Motor Corp. (0.65%), GreenPower Motor Company Inc. (1.42%), AEye, Inc. (3.40%), Phoenix Motor Inc. (4.78%), Tritium DCFC Limited (2.07%), Superior Industries International, Inc. (0.33%),

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($7.24 billion), T-Mobile US, Inc. ($4.02 billion), Charter Communications, Inc. ($3.72 billion), Occidental Petroleum Co. ($2.80 billion), Lululemon Athletica Inc. ($2.48 billion), Coinbase Global, Inc. ($2.38 billion), Tractor Supply ($2.35 billion), Rivian Automotive, Inc. ($1.79 billion), Royal Caribbean Cruises Ltd. ($1.73 billion), and Moderna, Inc. ($1.71 billion). View all of the most shorted stocks.

Short selling MULN is an investing strategy that aims to generate trading profit from Mullen Automotive as its price is falling. MULN shares are trading down $0.01 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Mullen Automotive occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of MULN, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including MULN, twice per month. The most recent reporting period available is November, 15 2023.