SNDL Inc. (NASDAQ:SNDL - Get Free Report) saw unusually large options trading activity on Wednesday. Stock investors bought 10,362 call options on the company. This is an increase of 32% compared to the average volume of 7,868 call options.
Hedge Funds Weigh In On SNDL
A number of institutional investors have recently bought and sold shares of the company. Millennium Management LLC increased its position in shares of SNDL by 5.3% during the fourth quarter. Millennium Management LLC now owns 119,861 shares of the company's stock valued at $251,000 after acquiring an additional 6,033 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of SNDL by 41.1% during the first quarter. Commonwealth Equity Services LLC now owns 23,229 shares of the company's stock valued at $37,000 after acquiring an additional 6,769 shares during the last quarter. State Street Corp increased its position in shares of SNDL by 4.2% during the first quarter. State Street Corp now owns 333,703 shares of the company's stock valued at $534,000 after acquiring an additional 13,352 shares during the last quarter. Capital Advisors Inc. OK acquired a new stake in shares of SNDL during the third quarter valued at about $26,000. Finally, Tower Research Capital LLC TRC increased its position in shares of SNDL by 163.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 28,507 shares of the company's stock valued at $47,000 after acquiring an additional 17,669 shares during the last quarter.
SNDL Trading Up 22.5 %
SNDL stock traded up $0.46 during trading on Wednesday, reaching $2.50. 22,730,382 shares of the stock were exchanged, compared to its average volume of 4,582,227. The company has a current ratio of 3.94, a quick ratio of 2.69 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average price of $1.48 and a 200-day moving average price of $1.53. SNDL has a 1 year low of $1.25 and a 1 year high of $2.53. The firm has a market capitalization of $415.05 million, a price-to-earnings ratio of -4.61 and a beta of 3.41.
About SNDL
(
Get Free Report)
SNDL Inc engages in the production, distribution, and sale of cannabis products in Canada. The company operates through four segments: Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical markets; sells wines, beers, and spirits through wholly owned liquor stores; and private sale of recreational cannabis through wholly owned and franchised retail cannabis stores.
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