Hesai Group Target of Unusually Large Options Trading (NASDAQ:HSAI)

Hesai Group (NASDAQ:HSAI) was the recipient of some unusual options trading on Tuesday. Investors bought 5,438 call options on the company. This is an increase of approximately 1,621% compared to the average daily volume of 316 call options.

Hesai Group Stock Up 44.8 %

NASDAQ HSAI traded up $2.13 during mid-day trading on Tuesday, hitting $6.88. The company’s stock had a trading volume of 8,906,473 shares, compared to its average volume of 645,462. The firm has a market capitalization of $873.97 million, a price-to-earnings ratio of -10.27 and a beta of 1.36. The company’s 50 day simple moving average is $4.58 and its 200 day simple moving average is $4.47. The company has a current ratio of 3.16, a quick ratio of 2.68 and a debt-to-equity ratio of 0.09. Hesai Group has a twelve month low of $3.28 and a twelve month high of $11.20.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Renaissance Technologies LLC raised its stake in shares of Hesai Group by 44.1% in the second quarter. Renaissance Technologies LLC now owns 49,700 shares of the company’s stock worth $208,000 after purchasing an additional 15,200 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its holdings in Hesai Group by 107.7% during the second quarter. Susquehanna Fundamental Investments LLC now owns 144,420 shares of the company’s stock worth $605,000 after buying an additional 74,888 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its position in Hesai Group by 47.5% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 29,500 shares of the company’s stock valued at $138,000 after buying an additional 9,500 shares during the last quarter. Jane Street Group LLC lifted its stake in Hesai Group by 11.9% during the 3rd quarter. Jane Street Group LLC now owns 48,943 shares of the company’s stock valued at $230,000 after acquiring an additional 5,186 shares in the last quarter. Finally, Main Management ETF Advisors LLC bought a new stake in shares of Hesai Group in the 3rd quarter worth $924,000. 48.53% of the stock is owned by institutional investors.

Hesai Group Company Profile

Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR). Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous passenger and freight mobility services; and other applications, such as delivery robots, street sweeping robots, and logistics robots in restricted areas.