Tag: MULN Stock Forecast (Page 1 of 2)

What is The Probability of MULN Stock Going to $0?

March 17, 2023 / Frank Nez / 5 Comments

Market News Daily: Will MULN stock go to $0?

Concerned investors on social media have raised the question of MULN stock going to $0.

Mullen Automotive (NASDAQ:MULN) stock ended the week at $0.14, down -9.20% on the day and down -17% for the week.

MULN stock tested $0.44 in January and again during the first week of February, but shares have been plunging ever since.

The automotive company has had a string of positive developments, with the latest MULN stock news confirming the delivery of the $200 million purchase order.

But despite these positive developments, Mullen Automotive shares have continued to tumble with concerns in the air of MULN stock going to $0.

Some warn Mullen Automotive stock may crash to zero as bankruptcy risks rise.

But Mullen reports that as of Feb. 28, 2023, the company has $87,400,009 of cash and cash equivalents, including restricted cash, and expects to receive an additional $110 million from firm commitments by June 1, 2023.

An official statement from Mullen Automotive published on 3/16 read:

“The Company believes the combination of cash on hand and expected firm cash commitments provides it with enough capital to execute on its business plan over the next 12 months.”

Will Mullen Automotive go bankrupt?

Doesn’t seem likely by that statement.

Will MULN Stock Go to Zero?

Mullen Automotive CEO David Michery has a plan to issue a reverse stock split should the company fail to meet Nasdaq’s $1 bid per share compliance.

Will this strategy save MULN stock from going to zero?

It’s very possible, but investors are look at CEO David Michery for answers.

MULN stock chopped at $0.14 majority of the day on Friday.

If the stock is able to find a strong support here, we may begin to see it move up again if buyers flood in.

However, market makers and hedge funds are still in control of where prices are headed — we’ve seen these institutions drive companies to $0 before, mainly through naked short selling.

Mullen Automotive Avoids Getting Delisted

The company avoided getting delisted after it failed to meet its $1 per share requirement on March 6, 2023.

Nasdaq approved a 180-day extension for Mullen Automotive to meet the minimum $1 bid price per share.

On Sept. 7, 2022, Nasdaq provided notice to the Company that, based on the previous 30 consecutive business days, the Company’s listed common stock no longer met the minimum $1 bid price per share requirement as set forth in Nasdaq Listing Rule.

The Company was provided 180 calendar days, or until March 6, 2023, to regain compliance.

If Mullen stock fails to trade above $1 for a minimum of 10 consecutive business days prior to Sept. 5, 2023, the Company will implement a reverse stock split to cure the Deficiency prior to the expiration of the additional 180-day compliance period.

“Consistent with my message to our shareholders, we will use our best efforts to regain compliance to meet Nasdaq’s requirement for a $1 minimum bid price,” said David Michery, CEO and chairman of Mullen Automotive.

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What Are Analysts Saying About MULN Price Target Now?

March 10, 2023 / Frank Nez / 1 Comment

MULN Stock Price Target 2023 — Market News Daily: MULN stock price target update.

Earlier this year, analysts had given Mullen Automotive (NASDAQ:MULN) a price target in 2023 of $24.15, or up 7,000% from at the time its $0.32 share price.

MULN stock is currently down -40% this year-to-date, though the stock did surge more than +30% earlier in January.

At the time, 7 stock analysts rated MULN stock as a ‘buy’.

Experts gave MULN a price target low of $23.23 (+7,067%), average of $23.46 (+7,138%), and high of $24.15 (+7,351%).

Mullen Automotive has undergone several positive developments this year despite a big drop in their share price.

The company recently received an exclusive federal government contract for its new electric cargo vans.

It also partnered with Menzies Aviation this first quarter, supplying the aviation company with thousands of vehicles.

Mullen Automotive stock did manage to avoid getting delisted last week after being unable to meet Nasdaq’s $1 bid requirement on March 6th.

Investors have suspected the company has become a target to naked shorting, illegal predatorial shorting tactics that drive shares down without owning any real stock.

If Mullen stock fails to trade above $1 for a minimum of 10 consecutive business days prior to Sept. 5, 2023, the Company will implement a reverse stock split to cure the Deficiency prior to the expiration of the additional 180-day compliance period.

MULN Stock Price Target Update

So, what are analysts saying now regarding MULN stock’s price target for 2023?

Quite frankly, nothing.

Stockanalysis.com isn’t reporting a forecast anymore.

They removed all data from their website and stated, “there is currently no analyst price target forecast available for MULN”.

The analyst consensus is null and the 12-month forecast is no longer displaying on their website (see below).

But stockanalysis.com wasn’t the only site reporting Mullen Automotive stock’s price target.

They received their data from CNN Money/Business.

So, what is CNN Money analysts now saying about MULN’s price target for 2023?

According to their website, 1 analyst is prediction MULN Automotive to surge more than +13,000% to a high of $23 from its current share price of $0.17.

It’s no longer 7 analysts on the panel but rather 1 sticking to their convictions on MULN stock breaking into the low $20 levels.

CNN Business has also made their MULN stock forecast chart for the next 12 months unavailable, see below.

CNN is also reporting no analyst recommendations, where as before, they suggested Mullen Automotive stock was a strong buy.

Also Read: Big Short Sellers Own Majority of MULN Stock

What Will Become of MULN Stock?

Mullen Automotive CEO David Michery has had no communication with shareholders, something investors have demonstrated resentment towards.

Optimistic shareholders say the stock is a ‘hold’ as positive developments will eventually trump the company’s current adversity in the market.

Others are waiting to break even or a major runup to cash their investments out with profit.

Yet, there are still shareholders who believe in the success of the company long-term despite the risks.

I’m curious to know where you stand with Mullen Automotive stock.

Are you on board with the analyst MULN stock price target?

Feel free to add your thoughts and opinions in the comment section below.

Share this article and get heard.

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Will MULN Stock Reach $1 Before Its September Deadline?

March 9, 2023 / Frank Nez / 4 Comments

Mullen Automotive (NASDAQ:MULN) stock avoided getting delisted when it failed to meet Nasdaq’s dollar bid requirement; will MULN stock reach $1 before its new September deadline?

Nasdaq approved a 180-day extension for Mullen Automotive to meet the minimum $1 bid price per share.

The Company was provided 180 calendar days, or until March 6, 2023, to regain compliance.

MULN shares dropped below $0.20 on Thursday, currently trading around $0.18 per share.

The stock is now down -41% after analysts gave the company a +7,000% prediction for 2023.

This was around the time MULN stock was trading at $0.32 — giving Mullen Automotive a price target of $24.

Despite positive developments in the company, Mullen’s share price continues to plunge.

Shareholders say Mullen Automotive may have become a target to naked short selling.

Are Investors Still Bullish on MULN Stock?

Yet another reason why investors believe MULN stock is being naked shorted, all signs still point towards bullish sentiment — buyers still outweigh sellers.

For the entire year, we’ve seen the call options volume distribution lean heavily more towards calls, and indication investors are betting on the stock to rise.

And although volume has recently come down from earlier this year, call options continue to dominate put options in the derivatives market.

Investors are clearly bullish on MULN stock despite the massive price decline in the past months.

On Thursday, we’re seeing calls volume outweigh put options by more than 19K in volume.

In the past we’ve seen hundreds of thousands of call option volume outweighing put option orders.

New buyers of the stock have also recently come into the market.

MULN isn’t as heavily shorted as AMC or other retail favorites, yet it’s price seems to be getting suppressed like these other ‘meme stocks’.

Will MULN Stock Reach $1?

Something we’ve seen in earlier this year is that heavy buying pressure has been able to move the stock up — all it’s going to take for MULN stock to reach $1 is enough buying momentum from retail investors.

But many shareholders liquidity pool has also begun to dry up, with many being long-term buyers who are deep in unrealized losses.

However, new investors may be able to profit on a move from current levels up to $1 per share.

Here’s a statement from Mullen Automotive’s CEO in regard to the company stock reaching $1 per share.

Will you be buying MULN stock in efforts to capitalize on a price surge to $1?

Or are you simply holding and hoping for the best?

Leave your thoughts in the comment section below.

Your voice is powerful, please share this article to raise awareness.

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Market News Today - MULN reverse stock split — Market News Today – Will MULN stock reach $1?

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Big Short Sellers Own Majority of MULN Stock

March 2, 2023 / Frank Nez / 16 Comments

Market News | Mullen Automotive Stock News: Big short sellers own a big stake of MULN stock.

Mullen Automotive (NASDAQ:MULN) is owned by Wall Street’s biggest short sellers.

How will the company fare against predatorial short selling?

Shares of the automaker fell throughout February after the company’s stock rose and consolidated in January.

Signs have led retail investors to believe that Mullen Automotive has become a target to naked short selling; an illegal practice of short selling shares that have not been affirmatively determined to exist.

Momentum began to build in early January as volume in the stock increased heavily.

One case study showed that 7 analysts predicted Mullen Automotive shares to rise by more than 7,000% this year.

MULN stock, according to analysts, is expected to reach between $23-$24 in 2023.

But despite strong news propelling the company forward, Mullen’s shares have continued to tank.

The stock is currently down -33% this year-to-date and more than -47% in the past trading month.

Who are Mullen Automotive’s Biggest Shareholders?

According to CNN Business, the Top 10 Owners of Mullen Automotive Inc., are:

The Vanguard Group — 2.71% stake, 45 million shares
BlackRock Fund Advisors — 1.52% stake, 25.5 million shares
Geode Capital Management LLC — 0.39% stake, 6.5 million shares
SSGA Funds Management, Inc. — 0.32% stake, 5.2 million shares
Susquehanna Financial Group LLLP — 0.28% stake, 4.7 million shares
Citadel Securities LLC — 0.20% stake, 3.3 million shares
Northern Trust Investments LLC — 0.18% stake, 2.9 million shares
The Bank of New York Mellon Corp. — 0.17% stake, 2.7 million shares
Evolve Funds Group, Inc. — 0.13% stake, 2.1 million shares
Morgan Stanley & Co. LLC — 0.07% stake, 1.1 million shares

Notably, Citadel Securities LLC and Susquehanna Financial Group are two of the biggest short sellers that own MULN stock.

Retail investors believe Vanguard and BlackRock lend out their shares for institutions to short Mullen Automotive.

Coincidentally, shares have dropped as more and more institutions have taken ownership of the company.

MULN institutional ownership - Mullen Automotive institutional ownership — MULN institutional ownership / Mullen Automotive institutional ownership – Fintel.

According to Fintel, majority (203) of institutional owners are long with only 1 reporting short.

How much stock does Mullen Automotive CEO David Michery own?

The latest report shows David Michery owns approximately 14,937,660 shares of MULN stock.

The CEO has increased his position throughout 2022 and the start of 2023.

Latest MULN Stock News 2023

Despite Mullen Automotive’s share price plunging in the past month, the company has gone through a series of very positive news.

Ault Alliance recently become the largest shareholder.
Newgate Motor Group confirmed the delivery of new I-GO EVs.
Mullen Automotive has supplied Menzies Aviation with Cargo Van EVs.
Mullen Automotive received a $200 million purchase order for 6,000 Evs.

Buyers are there, especially retail buyers which is why shareholders are suspecting Mullen Automotive has become a target to naked short selling.

Do you think analyst price predictions were merely bait to introduce short sellers to liquidity?

What’s keep MULN stock down today?

Leave your thoughts in the comment section below.

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How Soon Will MULN Stock Go Back Up Again?

February 28, 2023 / Frank Nez / 4 Comments

will MULN stock go up — Market News Today: Will MULN stock go up?

Mullen Automotive (NASDAQ:MULN) stock has plunged all throughout February after it had risen and then consolidated during the month of January.

The automotive stock started the year around $0.32 per share and rose above $0.44 before retesting it three times and coming back down.

Analyst predictions have triggered heavy buying pressure from retail investors.

Despite massive waves of retail coming in, shareholders suspect naked shorting in MULN is to blame for the declining share price.

Shares rose from $0.21 to $0.24 on Tuesday, up more than 7% intraday.

Still, volume has proven many times over to move share prices back up.

In late January, MULN stock surged more than 18% when volume surged to 382 million, up 165 million from its average during that month.

Will MULN stock go back up soon?

Let’s discuss what’s happening.

Latest MULN Stock News 2023

Despite Mullen Automotive’s share price plunging in the past month, the company has gone through a series of very positive news.

Ault Alliance recently become the largest shareholder.
Newgate Motor Group confirmed the delivery of new I-GO EVs.
Mullen Automotive has supplied Menzies Aviation with Cargo Van EVs.
Mullen Automotive received a $200 million purchase order for 6,000 Evs.

The latest MULN stock news this year are bullish enough to send shares up to space.

Buyers are there, which is why shareholders are suspecting Mullen Automotive has become a target to naked short selling.

A predatorial practice in the market used to short the stock without any real shares.

Will MULN Stock Go Up Soon?

Mullen Automotive stock has formed a bull flag intraday — an indication that the stock is ready to make moves upwards.

We can see that bullish sentiment pushed the stock upwards from its previous close and has begun to consolidate.

Big buying pressure may result in higher moves for Mullen Automotive stock in the short term.

However, if short sellers are able to flood the market with more sell orders than buy orders, expect a fake-out and for shares to retest lower.

In terms of the macro picture, technical analysis shows us MULN stock is in a downtrend channel but has broken the channel today in an upwards attempt to reverse.

If retail investors are unable to build strong enough buying momentum to send shares up, we can expect Mullen shares to continue its macro downtrend.

A falling wedge tends to eventually break upwards (patterns based on historic sentiment), so it’s very possible we see a bounce back up and a new trend begin to form, too.

It’s important to know that both the options volume and institutional/retail sentiment remain bullish.

But I’m curious to know your thoughts on where Mullen Automotive is headed.

Leave your thoughts in the comment section down below.

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These 3 Signs Point Towards Naked Shorting in MULN

February 28, 2023 / Frank Nez / 5 Comments

Naked Shorting MULN Stock — Market News Today: These signs point towards naked shorting in MULN stock.

Mullen Automotive (NASDAQ:MULN) stock has plummeted after rising earlier this year.

The stock fell to $0.21 on Monday and is currently down -32% this year-to-date after having surged to $0.44 in January and again in February.

MULN stock was given a price prediction of $24.15 earlier this year, up more than +7,000% from the then price of $0.32.

7 analysts from CNN Money said Mullen Automotive was a strong a buy yet the stock has fallen 34% in the past month alone.

Shareholders believe MULN has become a victim to naked short selling.

What is naked short selling?

Naked shorting is the illegal practice of short selling shares that have not been affirmatively determined to exist, per Investopedia.

The predatorial practice allows short sellers to short a stock without there actually being any stock available to short.

The SEC approved the use of naked short selling on IPOs in 2015 although it was deemed an illegal practice in 2010.

In this article we’re going over 3 big signs that point towards naked shorting in MULN.

Be sure to share this article with the community to raise awareness.

#1. Call Options Overweigh Number of Puts

The number of call options on Mullen Automotive continue to outweigh the number of put options.

Although volume has dropped recently, call options are still leading the derivatives market.

MULN call options vs put options – Franknez.com.

Even when MULN stock had hundreds of thousands of call option orders, the stock price was being suppressed despite very little put option volume.

Usually when the demand of a stock isn’t reflecting intraday, we can conclude that either heavy dark pool trading or naked shorting is taking place.

This is a big problem we’ve seen with other stocks such as AMC Entertainment for example.

Mullen Automotive stock has patterns that suggest suppression may be keeping share prices from rising.

#2. MULN Stock FTDs

Another clear indication of naked shorting in a company can be traced back to the number of FTDs out in the market.

FTDs, or Failure-to-deliver occurs when one party in a trading contract (whether it’s shares, futures, or options) fails to deliver on their obligations.

These failures derive due to buyers not having enough money to take delivery and pay for the transaction at settlement.

In the case of sellers, it means not having the goods to meet that transaction.

Failure-to-deliver can occur in options trading or when selling short naked, per Investopedia.

By the end of January, Mullen Automotive had more than 15 million FTDs amounting to more than $5 million, per Stocksera.

MULN stock FTDs — MULN naked shorting – MULN naked short selling – FTDs via Stocksera.

Naked shorting could be occurring in both shares and options contracts.

#3. Short Ladder Attacks

Shor ladder attacks are a way of trading back and forth between parties with the mission to drive shares lower.

It’s a loophole that isn’t necessarily deemed illegal but could be combined with the illegal tactic of ‘spoofing’.

Spoofing occurs when orders flood the market to change the direction of a stock but get cancelled right before they execute.

Signs pointing to naked shorting in MULN stock.

This form of naked shorting influences the market through the use of fake shares or ‘fake orders’ that don’t necessarily exist.

A perfect example of a short ladder attack can be seen in the image above where price chops upwards but ultimately drops lower and lower like a ‘ladder’.

This is manipulation of the stock from rising.

Do You Think Naked Shorting in MULN is Happening?

Market News Today: These signs point towards naked shorting in MULN stock | Mullen Naked Shorting.

Leave your thoughts in the comment section below.

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Ault Alliance Becomes the Largest Shareholder in MULN Stock

February 15, 2023 / Frank Nez

Market News Today: Ault Alliance becomes the biggest MULN stock shareholder.

As of Dec. 31, Ault owned a total of 71.96 million shares of Mullen Automotive (NASDAQ:MULN) stock, equivalent to a 4.07% ownership stake.

This puts Ault Alliance as the largest stockholder of the company, according to Whale Wisdom.

Ault last reported a stake of 2.41 million shares.

Bollinger CEO Robert Bollinger comes in second place with ownership of 51.07 million shares as of Q3.

MULN shares have dropped in February, but bullish sentiment remains strong with both retail and institutional investors.

Share prices surged to $0.44 in January only to come back down and bounce from $0.28.

The stock recently retested the $0.44 again in February but rejected the level.

Today we’re going to go over the latest developments and updates on Mullen Automotive.

Let’s get started!

Ault Alliance is Bullish on MULN Stock

Ault’s bullish stance on Mullen Automotive stock shows how much conviction the company has this early in the EV company.

Mullen Automotive has been making fundamental progress as it makes its first I-GO deliveries in Ireland and teams up with Menzies Aviation to supply the company with its Class 1 EV cargo vans.

In December, the company received a $200 million purchase order for 6,000 EVs from Randy Marion Group.

Vanguard tallies in as the third-largest stockholder with a 45.67 million share stake.

The exchange-traded fund (ETF) provider reported adding 23.07 million shares during Q4.

BlackRock is also a major stockholder with ownership of 26.42 million shares.

BlackRock acquired 137,059 shares during Q4.

We can see that these institutions are going big on MULN stock, which is very significant for shareholders betting on the company stock to squeeze.

Analysts are giving Mullen Automotive shares a price target high of $24.15 this year.

Despite Mullen’s current share price, there seems to be a lot of confidence in the company today.

Falling share prices could signal a steal for new investors planning to open a position in the company.

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Mullen Automotive Supplies Menzies Aviation with EV Cargo Vans

February 8, 2023 / Frank Nez

Market News Today: Mullen Automotive partners with Menzies Aviation.

Mullen Automotive (NASDAQ:MULN) has partnered with Menzies Aviation in a 60-day pilot program that will evaluate the Class 1 electric vehicle cargo vans in several use cases across its operations at LAX.

Menzies Aviation is the world’s largest aviation service company and it’s looking for innovative solutions to support its ambitious goal of becoming carbon neutral by 2033.

Menzies has a global fleet of 27,000 ground service equipment, including over 8,000 vehicles, at 250-plus airports worldwide and is committed to switching to electric wherever possible to reduce emissions in line with its sustainability strategy.

If all goes well with Mullen’s Class 1 EV cargo van, Mullen Automotive could become a pioneer in electrifying airports around the world.

Loop Global Inc. will also be partnering with Mullen and Menzies to provide charging infrastructure, a solution to one of the challenges in today’s EV world.

This is big news for the automotive company.

Mullen Partners with Menzies Aviation

Menzies Aviation Mullen Automotive — Mullen Stock News Today: Mullen Automotive partners with Menzies Aviation.

John Redmond, executive vice president Americas, Menzies Aviation, said:

“Collaborating with suppliers, airports and our airline customers is absolutely vital for Menzies to achieve its sustainability goals.

We have committed to switching to electric vehicles wherever possible to reduce our carbon emissions; however, charging infrastructure can be a barrier, so it’s great to be working with both Mullen and Loop to pilot a solution at LAX.

Early feedback is positive, and I’m looking forward to seeing the results from this collaboration.”

Dustin Cavanaugh, CEO of Loop Global, Inc., said:

“The team at Loop is honored to have this opportunity to deliver such a pioneering venture in collaboration with Mullen and Menzies.

We hope this pilot at LAX is just a stepping stone in ushering in a new era of fleet electrification at airports throughout the world.”

David Michery, CEO and chairman of Mullen Automotive, said:

“Menzies is a well-respected leader in the aviation industry.

Our commercial EVs are a natural fit for airport service and logistics operations.

Working together with Menzies and Loop providing a full EV ecosystem solution is a great opportunity for Mullen.”

Recent Mullen Automotive News

In December, Mullen Automotive stated that it had received a $200 million purchase order for a total of 6,000 Class 1 EV cargo vans from Randy Marion Automotive Group, one of the largest and most respected commercial vehicle dealer groups in the U.S.

“We see a tremendous opportunity with the Mullen commercial portfolio, and the launch of the commercial van could not come at a better time,” said Randy Marion, CEO and founder of RMA.

“There’s significant pent-up customer demand for Mullen to fulfill. I have many customers looking at me to find product for their companies.”

“This is a real vote of confidence in our company. We appreciate Randy’s vision and aggressiveness to partner with us,” said John Schwegman, chief commercial officer for Mullen Automotive. “He clearly sees the future in commercial EVs.”

“The Randy Marion Automotive team is fully aligned with our Class 1 EV plan and is well positioned to help us capitalize on our first mover advantage in the commercial EV segments,” said David Michery, chairman and CEO of Mullen Automotive.

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Will MULN Shares Continue to Surge Next Week?

February 5, 2023 / Frank Nez

Will muln shares go up this week — Market News Today: Will MULN shares surge this week?

Will Mullen Automotive (NASDAQ:MULN) shares go up this week?

The company stock rose +7% on Friday after gaining +24% that trading week.

There’s a strong bullish sentiment surrounding MULN stock that is attracting new retail investors at just the right time.

Mullen Automotive recently received a $200 million purchase order for 6,000 cargo van EVs in December.

The news carries weight going into the first quarter of 2023 after the company’s partnership with industry leader, Randy Marion Automotive Group.

Momentum in the past month has compounded as more investors begin to discover price targets from experts and analysts.

Mullen Automotive’s stock price forecast targets a high of $24.15, mid of $23.46, and low of $23.23.

“Mullen Automotive is set up for a short squeeze that may not begin if the company cannot issue some favorable news in the next few weeks,” said MarketBeat analysts in January.

Could MULN stock be the next GME, AMC, or even HKD?

These stocks surged 1,500%, 3,000%, and 20,000%.

MULN Bullish Trend

In the past month, MULN stock has had one particularly strong bullish trend; its call options vs put options ratio.

This market sentiment is what makes Mullen Automotive stock stand out from many others in the market.

It has an extremely high bullish conviction.

On Friday alone, we can see the stock had a total of 131.62K call options and 11.22K put options.

MULN Stock Call Options Webull - Mullen Automotive stock news today. — Will MULN shares surge this week? – Mullen Automotive stock news today.

That’s nearly 12 times more call options than put options.

And this is a trend we’ve seen all throughout the new year so far.

Both retail investors and institutional investors are majority long on the company.

But Mullen Automotive will need to continue to prove itself to institutional buyers for heavier buying pressure to push the stock past $0.44, a strong resistance level.

MULN stock tested $0.44 in January and again during the first week of February.

Shares rejected $0.44 coming back down to $0.39 before bouncing back to $0.40 on Friday.

This means that even as shares fall, buyers are picking up the dips.

A break past $0.44 could create the chain reaction the stock needs to make its way to $0.60 and to $1.

Will MULN Stock Go Up This Week?

MULN stock has proven to be extremely bullish this year-to-date.

If shares are able to maintain above $0.42 this week, it’s highly probable that the stock will continue to rise.

In a war between bears and bulls, bulls are in the lead, but they’ll need to maintain that buying pressure if they are to see $1 per share before Nasdaq’s deadline in March.

Are you holding Mullen Automotive stock this year?

Are you a long-term shareholder?

Leave your thoughts in the comment section below.

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FrankNez News Today - Will MULN stock go up this week? — FrankNez News Today – Will MULN stock go up this week?

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BREAKING: Expert Says a MULN Short Squeeze is Highly Probable

February 5, 2023 / Frank Nez

Stock Market News: A MULN short squeeze could be underway soon according to experts.

Experts say positive news in the coming days to weeks is all Mullen Automotive (MULN) stock needs to trigger a short squeeze.

“Mullen Automotive is set up for a short squeeze that may not begin if the company cannot issue some favorable news in the next few weeks,” said MarketBeat analysts.

Experts are saying Mullen Automotive’s high trading volume and current price action all point to a short squeeze.

The company was able to finish 2022 strong with news after partnering with Loop Global to deploy EV charging solutions, including a public DC fast charging network and residential offerings.

Mullen Automotive is also preparing for 3 commercial product launches in 2023 after signing with their first U.S dealer partner, RMA Group.

In early December, the company announced Former General Motors Government Sales Leader Ronald Dixon will be leading Mullen’s EV charge for U.S government fleet sales.

Mullen Automotive has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, February 13th, 2023 based off prior year’s report dates, according to MarketBeat.

Here is the latest MULN stock news.

MULN Short Squeeze Price Prediction

CNN Money is predicting MULN stock to make gains upwards of +7,000% this year from its $0.32 previous major level.

Stock analysts are giving Mullen Automotive a low of $23.23, a mid of $23.46, and a high of $24.15 per share.

MULN Stock Price Forecast 2023 - CNN Money. — MULN Stock Price Forecast 2023 – CNN Money.

The current analyst consensus is a strong buy.

Now more analysts are saying all Mullen Automotive needs to trigger a short squeeze is favorable news in its next earnings report.

Entrepreneur says a flop could cause shares to slide, but retail investors are bullish on the automotive company.

In the past week, call options have dominated put options on Webull.

Today, we’re seeing MULN stock price consolidate as we get closer to earnings.

Where the company stock price goes from here will depend highly on news catalysts.

If the company is able to demonstrate results and progress going into the new year, institutions might favor buying in heavily, squeezing short sellers in the process.

MULN Short Interest Today

MULN’s short interest sits between 10%-44% according to a few data analytic websites.

Much of the bearish action and suppression in MULN stock today is being done by dark pools and off exchange action, per MarketBeat.

All the company needs to trigger a short squeeze is to give these bears a reason to run.

Will MULN Stock Go Up Soon?

Analysts say Mullen Automotive stock has formed a clear bottom in the $0.25-$0.36 that may easily turn into a reversal with good news from the company.

A bounce here could send the price to retest $0.60 in a few days or less.

Bullish continuation above $0.60 could take MULN stock to the $1 level.

But it’s all going to depend on the company’s annual report and earnings according to Entrepreneur.

Experts are still giving MULN stock a year-term projection of $23 per share.

Today, out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long, per Fintel.

In December alone, 18 financial institutions purchased shares of Mullen Automotive.

MULN stock institutional investors | Mullen Automotive short squeeze.

Two of the biggest financial institutions that have recently bulked up on MULN stock have been Vanguard and BlackRock.

Other major institutional buyers include Fidelity, the Russel 2000 index, Nationwide Mutal Funds, Schwab, Morningstar, and Blackstone.

What are your thoughts on Mullen Automotive Stock?

Are you holding for a MULN short squeeze or is Mullen Automotive stock merely on your stock watchlist?

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