Mullen Automotive Stock Set to Reverse Split on Tuesday, February 18th (NASDAQ:MULN)

Mullen Automotive, Inc. (NASDAQ:MULN) shares are scheduled to reverse split on the morning of Tuesday, February 18th. The 1-60 reverse split was announced on Thursday, February 13th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, February 17th.

Mullen Automotive Stock Down 26.2 %

Mullen Automotive stock opened at $0.22 on Friday. Mullen Automotive has a 12-month low of $0.18 and a 12-month high of $987.00. The firm’s 50-day moving average is $0.80 and its two-hundred day moving average is $12.54.

Institutional Investors Weigh In On Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC bought a new position in Mullen Automotive, Inc. (NASDAQ:MULN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 filing with the Securities and Exchange Commission (SEC). 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.