Investors Buy High Volume of SNDL Call Options (NASDAQ:SNDL)

SNDL Inc. (NASDAQ:SNDL – Get Rating) was the target of some unusual options trading activity on Monday. Stock traders bought 9,959 call options on the stock. This represents an increase of approximately 50% compared to the typical volume of 6,654 call options.

Institutional Investors Weigh In On SNDL

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Newman Dignan & Sheerar Inc. acquired a new stake in SNDL during the 4th quarter valued at approximately $72,000. Polar Asset Management Partners Inc. purchased a new stake in shares of SNDL during the third quarter worth $218,000. Heritage Wealth Management LLC purchased a new stake in shares of SNDL during the third quarter worth $61,000. Cambria Investment Management L.P. purchased a new stake in shares of SNDL during the third quarter worth $243,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of SNDL by 144.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,542,081 shares of the company’s stock valued at $4,067,000 after purchasing an additional 1,500,886 shares during the period. Institutional investors own 10.70% of the company’s stock.

SNDL Stock Performance

SNDL stock opened at $1.83 on Tuesday. The company has a fifty day simple moving average of $1.57 and a two-hundred day simple moving average of $2.01. The company has a current ratio of 4.90, a quick ratio of 4.14 and a debt-to-equity ratio of 0.10. SNDL has a 52 week low of $1.29 and a 52 week high of $4.20.

About SNDL

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SNDL, Inc is a licensed producer that crafts small-batch cannabis using state-of-the-art indoor facilities. It operates through the following segments: Liquor Retail, Cannabis Retail, Cannabis Operations, Investments, and Corporate. The Liquor Retail segment consists of wines, beers, and spirits through owned liquor stores.