Investors Purchase Large Volume of Call Options on Safety Shot (NASDAQ:SHOT)

Safety Shot, Inc. (NASDAQ:SHOT) was the target of unusually large options trading on Monday. Investors purchased 4,255 call options on the stock. This represents an increase of approximately 97% compared to the typical daily volume of 2,162 call options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tyche Wealth Partners LLC grew its position in Safety Shot by 142.9% in the 2nd quarter. Tyche Wealth Partners LLC now owns 85,000 shares of the company’s stock worth $28,000 after purchasing an additional 50,000 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Safety Shot in the 1st quarter worth approximately $59,000. Finally, Jane Street Group LLC grew its holdings in shares of Safety Shot by 397.7% in the fourth quarter. Jane Street Group LLC now owns 102,267 shares of the company’s stock valued at $74,000 after acquiring an additional 81,720 shares in the last quarter. 12.55% of the stock is currently owned by hedge funds and other institutional investors.

Safety Shot Trading Up 2.6%

Shares of Safety Shot stock opened at $0.38 on Tuesday. The stock has a fifty day simple moving average of $0.50 and a 200 day simple moving average of $0.45. Safety Shot has a 12-month low of $0.23 and a 12-month high of $1.35.

Safety Shot (NASDAQ:SHOT) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $0.45 million during the quarter.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SHOT. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Safety Shot in a research report on Saturday, September 27th. Wall Street Zen upgraded shares of Safety Shot from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About Safety Shot

Safety Shot, Inc, a wellness and functional beverage company, researches and develops over-the-counter products and intellectual property. The company offers Safety Shot Beverage, an over-the-counter drink that lowers blood alcohol content. It also develops Photocil to address psoriasis and vitiligo; JW-700 to treat hair loss; JW-500 for women’s sexual wellness; and NoStingz, a jellyfish sting prevention sunscreen.