Safety Shot Target of Unusually High Options Trading (NASDAQ:SHOT)

Key Points

• Safety Shot, Inc. (NASDAQ:SHOT) experienced a significant increase in options trading, with 4,255 call options acquired, representing a 97% rise from the average volume.
• The company's stock price rose by 14.5% on Monday, reaching $0.42, with an unusually high trading volume of over 63 million shares.
• Despite recent trading activity, Safety Shot holds an average rating of "Sell" from analysts, with recent upgrades and downgrades reflecting mixed sentiments.

Safety Shot, Inc. (NASDAQ:SHOT - Get Free Report) was the target of some unusual options trading activity on Monday. Investors acquired 4,255 call options on the stock. This is an increase of approximately 97% compared to the average volume of 2,162 call options.

Safety Shot Trading Up 14.5%

NASDAQ:SHOT traded up $0.05 on Monday, hitting $0.42. The stock had a trading volume of 63,215,328 shares, compared to its average volume of 4,736,502. Safety Shot has a 1 year low of $0.23 and a 1 year high of $1.35. The firm's fifty day simple moving average is $0.51 and its two-hundred day simple moving average is $0.45.

Safety Shot (NASDAQ:SHOT - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.03) EPS for the quarter. The business had revenue of $0.45 million for the quarter.

Analyst Upgrades and Downgrades

SHOT has been the topic of several recent research reports. Wall Street Zen raised shares of Safety Shot from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Safety Shot in a research note on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of "Sell".

Institutional Investors Weigh In On Safety Shot

Several large investors have recently modified their holdings of the stock. Tyche Wealth Partners LLC increased its stake in shares of Safety Shot by 142.9% during the 2nd quarter. Tyche Wealth Partners LLC now owns 85,000 shares of the company's stock worth $28,000 after purchasing an additional 50,000 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Safety Shot during the 1st quarter worth approximately $59,000. Finally, Jane Street Group LLC increased its stake in shares of Safety Shot by 397.7% during the 4th quarter. Jane Street Group LLC now owns 102,267 shares of the company's stock worth $74,000 after purchasing an additional 81,720 shares during the last quarter. Hedge funds and other institutional investors own 12.55% of the company's stock.

Safety Shot Company Profile

Safety Shot, Inc, a wellness and functional beverage company, researches and develops over-the-counter products and intellectual property. The company offers Safety Shot Beverage, an over-the-counter drink that lowers blood alcohol content. It also develops Photocil to address psoriasis and vitiligo; JW-700 to treat hair loss; JW-500 for women's sexual wellness; and NoStingz, a jellyfish sting prevention sunscreen.

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