Ocean Power Technologies Sees Unusually Large Options Volume (NASDAQ:OPTT)

Ocean Power Technologies, Inc. (NASDAQ:OPTT) saw unusually large options trading on Tuesday. Traders purchased 2,721 call options on the stock. This represents an increase of 2,734% compared to the average volume of 96 call options.

Ocean Power Technologies Price Performance

OPTT stock traded up $0.17 during midday trading on Tuesday, hitting $0.45. 316,374,906 shares of the company’s stock were exchanged, compared to its average volume of 9,608,738. Ocean Power Technologies has a 12-month low of $0.12 and a 12-month high of $0.77. The firm has a 50 day moving average price of $0.18 and a 200-day moving average price of $0.25.

Ocean Power Technologies Company Profile

Ocean Power Technologies, Inc develops and commercializes proprietary power platforms that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Australia, and Asia. It offers PB3 PowerBuoy that generates power for use independent of the power grid in offshore locations.