Mullen Automotive (NASDAQ:MULN) Trading Up 1.6%

Shares of Mullen Automotive, Inc. (NASDAQ:MULN) were up 1.6% during trading on Friday . The company traded as high as $3.55 and last traded at $3.22. Approximately 685,745 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 906,254 shares. The stock had previously closed at $3.17.

Mullen Automotive Stock Performance

The firm’s 50 day moving average is $5.30 and its 200 day moving average is $13.06.

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

Institutional Trading of Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. FNY Investment Advisers LLC bought a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 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 reporting period. 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.