Mullen Automotive (NASDAQ:MULN) Shares Up 19.6%

Mullen Automotive, Inc. (NASDAQ:MULN) shares traded up 19.6% during mid-day trading on Tuesday . The company traded as high as $7.45 and last traded at $6.84. 33,753,237 shares traded hands during mid-day trading, an increase of 1,489% from the average session volume of 2,124,504 shares. The stock had previously closed at $5.72.

Mullen Automotive Price Performance

The stock’s 50-day moving average is $5.01 and its 200-day moving average is $11.78.

Mullen Automotive (NASDAQ:MULN) last announced its earnings results on Tuesday, February 13th. The company reported ($15.32) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. FNY Investment Advisers LLC acquired a new stake in shares of Mullen Automotive, Inc. (NASDAQ:MULN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,700 shares of the company’s stock, valued at approximately $38,000. FNY Investment Advisers LLC owned approximately 0.07% of Mullen Automotive at the end of the most recent quarter. Hedge funds and other institutional investors 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.