Mullen Automotive (NASDAQ:MULN) Stock Price Down 0.9%

Shares of Mullen Automotive, Inc. (NASDAQ:MULN) fell 0.9% during trading on Wednesday . The company traded as low as $4.26 and last traded at $4.27. 81,100 shares traded hands during trading, a decline of 89% from the average session volume of 752,721 shares. The stock had previously closed at $4.31.

Mullen Automotive Price Performance

The company’s fifty day simple moving average is $6.67 and its 200 day simple moving average is $19.69.

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

Hedge Funds Weigh In On Mullen Automotive

A number of large investors have recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new position in Mullen Automotive in the 4th quarter valued at $38,000. State Street Corp boosted its position in shares of Mullen Automotive by 73.6% in the first quarter. State Street Corp now owns 33,011 shares of the company’s stock valued at $98,000 after acquiring an additional 14,000 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Mullen Automotive in the first quarter valued at about $46,000. XTX Topco Ltd increased its position in Mullen Automotive by 151.5% during the first quarter. XTX Topco Ltd now owns 34,651 shares of the company’s stock worth $103,000 after acquiring an additional 20,873 shares during the period. Finally, Rhumbline Advisers acquired a new stake in Mullen Automotive in the 2nd quarter worth about $25,000. 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.