Stock Traders Purchase Large Volume of Call Options on ASP Isotopes (NASDAQ:ASPI)

ASP Isotopes Inc. (NASDAQ:ASPI) was the target of unusually large options trading on Wednesday. Stock traders purchased 28,640 call options on the stock. Thisisanincreaseofapproximately342% compared to the typical volume of 6,475 call options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new stake in ASP Isotopes during the 4th quarter worth about $34,000. Ameritas Investment Partners Inc. increased its position in ASP Isotopes by 41.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,483 shares of the company’s stock worth $40,000 after purchasing an additional 1,600 shares in the last quarter. SBI Securities Co. Ltd. increased its position in ASP Isotopes by 84.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 9,370 shares of the company’s stock worth $44,000 after purchasing an additional 4,299 shares in the last quarter. Russell Investments Group Ltd. increased its position in ASP Isotopes by 56.3% during the 4th quarter. Russell Investments Group Ltd. now owns 10,221 shares of the company’s stock worth $46,000 after purchasing an additional 3,682 shares in the last quarter. Finally, Covestor Ltd purchased a new stake in ASP Isotopes during the 4th quarter worth about $54,000. Institutional investors and hedge funds own 16.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their price target on ASP Isotopes from $8.50 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, May 21st.

ASP Isotopes Trading Down 1.6%

NASDAQ:ASPI opened at $11.03 on Thursday. The company has a market capitalization of $925.42 million, a PE ratio of -18.08 and a beta of 3.36. The company has a quick ratio of 7.17, a current ratio of 7.21 and a debt-to-equity ratio of 0.80. ASP Isotopes has a 52-week low of $1.95 and a 52-week high of $11.68. The stock has a fifty day simple moving average of $8.59 and a 200-day simple moving average of $6.59.

ASP Isotopes Company Profile

ASP Isotopes Inc, a development stage advanced materials company, focuses on the production, distribution, marketing, and sale of isotopes. It engages in the production and commercialization of Molybdenum-100, a non-radioactive isotope for the medical industry; Carbon-14; and Silicon-28. The company is also developing Quantum Enrichment technology to produce Ytterbium-176, Nickel-64, Lithium 6, Lithium7, and Uranium-235.