Replies to post #14877 on Mullen Automotive Inc (MULN)

[m$teamworkotc]

Written by Cláudio Afonso | [e-mail]

The EV manufacturer based on Southern California Mullen reached on April its highest level of Institutional Owners with 58 shareholders owning a total of 1,332,751 shares. Among the largest shareholders there’s: Cutler Group LP, Cetera Advisor Networks LLC, BlackRock Inc., Vanguard Group Inc, Cutler Group LP, Belvedere Trading LLC, and VTSMX.


On February 10, the world’s largest asset manager BlackRock, filed a 13F-HR form disclosing ownership of 195,101 Mullen shares valued at $1.02M as of December 31. Previously, on November 9, 2021, BlackRock disclosed owning 151,612 shares of Mullen at a value of $1.25M. The firm increased its position on the electric vehicle maker by 28.68 percent during Q4 2021.

On April 14, Cutler Group LP has filed a 13F-HR form disclosing ownership of call options representing 838,800 of shares valued at $469k and put options representing 142,200 of underlying shares valued at $88k . The firm also holds 34,082 shares of Mullen with total holdings valued at $101k as of end of Q1 2022.


Also Peizer Terren S. recently (March 10) filed an SC 13G/A form with the SEC disclosing ownership of 29,363,838 shares of Mullen — owning9.99 percent of the company. In their previous filing dated 2022-01-25 , Peizer Terren S had reported owning 11,363,838 shares, indicating an increase of 158.40 percent since late January.

On Sunday, Mullen teased via Twitter its Van production ahead of the first deliveries in Q2 2022, as announced by Mullen’s CEO on March 30. At the time, David Michery unveiled that a Fortune500 company is going to buy “a lot of these vehicles” with the official press release expected during the next weeks.

[Arnold25764]

That's very good to see many still holding or adding.