What's Going On With Mullen Automotive Stock?

Mullen Automotive, Inc. MULN shares are trading lower Tuesday after gaining 30% on Monday. Here's a look at what to know:

What To Know:

Mullen Automotive announced new deliveries of the All-Electric Class 3, Mullen Three, low cab forward chassis truck to the Randy Marion Automotive Group in North Carolina.

Randy Marion Automotive is one of the largest commercial fleet dealers in the U.S.

"We are in full swing delivery of Class 3 vehicles to Randy Marion Automotive Group in North Carolina," said David Michery, CEO of Mullen Automotive.

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"It's exciting to see a constant flow of vehicle transports picking up Class 3's at our Tunica assembly plant and heading down the road for customer deliveries."

According to data from Benzinga Pro, shares of MULN are trading above the stock's 50-day moving average of 30 cents and 12.83% of shares are being sold short.

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MULN Price Action: According to Benzinga Pro, Mullen Automotive shares are down by 5% at 20 cents at the time of publication.

Image: Pete Linforth from Pixabay