Stock Traders Purchase High Volume of Put Options on Nano Dimension (NASDAQ:NNDM)

Nano Dimension Ltd. (NASDAQ:NNDM) saw unusually large options trading on Monday. Investors purchased 3,000 put options on the company. This represents an increase of approximately 283% compared to the average daily volume of 783 put options.

Nano Dimension Stock Performance

NASDAQ:NNDM opened at $2.16 on Tuesday. The stock has a market cap of $458.90 million, a price-to-earnings ratio of -4.70 and a beta of 1.65. Nano Dimension has a 1 year low of $2.04 and a 1 year high of $3.01. The business has a fifty day moving average of $2.23 and a 200-day moving average of $2.45.

Nano Dimension (NASDAQ:NNDM) last announced its earnings results on Tuesday, August 20th. The technology company reported ($0.20) earnings per share (EPS) for the quarter. Nano Dimension had a negative net margin of 266.36% and a negative return on equity of 14.80%. The company had revenue of $14.99 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Murchinson Ltd. lifted its position in Nano Dimension by 23.9% in the first quarter. Murchinson Ltd. now owns 15,550,000 shares of the technology company’s stock worth $43,307,000 after purchasing an additional 3,000,000 shares during the period. Shell Asset Management Co. acquired a new stake in shares of Nano Dimension in the first quarter valued at $882,000. Clearline Capital LP boosted its stake in Nano Dimension by 5.8% during the second quarter. Clearline Capital LP now owns 4,667,921 shares of the technology company’s stock valued at $10,269,000 after buying an additional 256,449 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Nano Dimension during the first quarter worth about $631,000. Finally, Tidal Investments LLC raised its position in Nano Dimension by 725.7% in the first quarter. Tidal Investments LLC now owns 239,519 shares of the technology company’s stock worth $667,000 after acquiring an additional 210,510 shares in the last quarter. 33.89% of the stock is currently owned by institutional investors.

Nano Dimension Company Profile

Nano Dimension Ltd., together with its subsidiaries, engages in additive manufacturing solutions in Israel and internationally. The company offers 3D printers, comprising AME systems, which are inkjet printers, that produces Hi-PEDs by depositing proprietary conductive and dielectric substances, as well as integrates in-situ capacitors, antennas, coils, transformers, and electromechanical components; micro additive manufacturing systems, a digital light processing printers (DLP) that achieves production-grade polymer and composite parts; and industrial additive manufacturing systems, that utilizes a patented foil system that fabricates ceramic and metal parts.