Hesai Group Sees Unusually High Options Volume (NASDAQ:HSAI)

Hesai Group (NASDAQ:HSAI) was the recipient of unusually large options trading activity on Tuesday. Stock traders purchased 5,438 call options on the stock. This represents an increase of approximately 1,621% compared to the typical volume of 316 call options.

Institutional Trading of Hesai Group

A number of large investors have recently bought and sold shares of HSAI. Main Management ETF Advisors LLC bought a new position in shares of Hesai Group during the 3rd quarter worth approximately $924,000. Susquehanna Fundamental Investments LLC boosted its stake 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 acquiring an additional 74,888 shares in the last quarter. Renaissance Technologies LLC grew its holdings in 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 period. Jane Street Group LLC grew its holdings in Hesai Group by 11.9% in the third quarter. Jane Street Group LLC now owns 48,943 shares of the company’s stock worth $230,000 after purchasing an additional 5,186 shares during the period. Finally, China Universal Asset Management Co. Ltd. increased its stake in Hesai Group by 47.5% in the third quarter. China Universal Asset Management Co. Ltd. now owns 29,500 shares of the company’s stock valued at $138,000 after purchasing an additional 9,500 shares in the last quarter. 48.53% of the stock is currently owned by institutional investors and hedge funds.

Hesai Group Trading Up 44.8 %

Shares of HSAI traded up $2.13 during trading hours on Tuesday, hitting $6.88. 8,906,473 shares of the stock were exchanged, compared to its average volume of 645,462. The firm has a market capitalization of $873.97 million, a P/E ratio of -10.27 and a beta of 1.36. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.16 and a quick ratio of 2.68. Hesai Group has a fifty-two week low of $3.28 and a fifty-two week high of $11.20. The business has a 50-day moving average of $4.58 and a 200-day moving average of $4.47.

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.