Should you short muln (muln)?

Naturally, shorting a stock like MULN is an exceptionally risky proposition that should be avoided by most investors. However, shorting just may be the only sensible way to play this imploding stock on its downward slide toward irrelevance.

How many shares are outstanding at muln?

As of Aug. 10, there are 509.29 million shares outstanding, which means that shares outstanding have increased by 895% since the merger. MULN has declined by about 95% year to date, as each share becomes less valuable with further dilution. Dilution occurs when a company issues more shares to the market.

Will muln run out of cash?

MULN is going to raise approximately $300 million or more in cash via convert debt and preferred stock to cover its cash needs. I wouldn’t go or be short on the theory the company will run out if cash anytime soon. The real issue is whether consumers and businesses like their EV cars and trucks.