Traders Purchase Large Volume of Safety Shot Call Options (NASDAQ:SHOT)

Key Points

• Safety Shot, Inc. (NASDAQ:SHOT) experienced a remarkable 1,294% increase in call options trading, with 9,268 call options purchased on a single day.
• Institutional investors have significantly increased their holdings in Safety Shot, with Jane Street Group LLC raising its position by 397.7% in the fourth quarter.
• The company's stock is currently trading at $1.16, down 3.7% during the last trading session, with a 12-month range of $0.23 to $1.77.

Safety Shot, Inc. (NASDAQ:SHOT - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 9,268 call options on the stock. Thisrepresentsanincreaseofapproximately1,294% compared to the typical volume of 665 call options.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Safety Shot to a "sell" rating in a research report on Friday, July 18th.

Institutional Trading of Safety Shot

Several large investors have recently bought and sold shares of the business. Tyche Wealth Partners LLC grew its stake in Safety Shot by 142.9% during the 2nd quarter. Tyche Wealth Partners LLC now owns 85,000 shares of the company's stock valued at $28,000 after acquiring an additional 50,000 shares in the last quarter. XTX Topco Ltd purchased a new stake in Safety Shot during the 1st quarter valued at about $59,000. Jane Street Group LLC grew its stake in Safety Shot by 397.7% during the 4th quarter. Jane Street Group LLC now owns 102,267 shares of the company's stock valued at $74,000 after acquiring an additional 81,720 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Safety Shot by 13.3% during the 4th quarter. Geode Capital Management LLC now owns 491,743 shares of the company's stock valued at $354,000 after acquiring an additional 57,876 shares in the last quarter. Hedge funds and other institutional investors own 12.55% of the company's stock.

Safety Shot Stock Down 0.9%

Shares of SHOT traded down $0.01 during mid-day trading on Friday, hitting $1.14. 4,802,405 shares of the company were exchanged, compared to its average volume of 8,019,911. Safety Shot has a 1-year low of $0.23 and a 1-year high of $1.77. The company has a 50 day moving average of $0.50 and a 200-day moving average of $0.47.

Safety Shot (NASDAQ:SHOT - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $0.04 million for the quarter.

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.