Investors Purchase Large Volume of Hyliion Call Options (NYSE:HYLN)

Hyliion Holdings Corp. (NYSE:HYLN - Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Traders purchased 5,209 call options on the stock. This is an increase of 1,134% compared to the typical daily volume of 422 call options.

Institutional Trading of Hyliion

Several institutional investors have recently added to or reduced their stakes in HYLN. Cubist Systematic Strategies LLC acquired a new position in shares of Hyliion in the 1st quarter valued at about $26,000. Xponance Inc. acquired a new position in Hyliion in the fourth quarter valued at approximately $29,000. Cibc World Markets Corp bought a new position in shares of Hyliion during the fourth quarter valued at approximately $34,000. Aquatic Capital Management LLC acquired a new stake in shares of Hyliion during the 4th quarter worth approximately $42,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Hyliion in the 4th quarter worth approximately $43,000. Institutional investors own 22.81% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Hyliion from a "hold" rating to a "sell" rating in a report on Thursday.

Hyliion Trading Up 5.3%

NYSE HYLN traded up $0.06 on Friday, hitting $1.20. 2,999,381 shares of the stock traded hands, compared to its average volume of 1,137,323. The company has a market capitalization of $209.78 million, a P/E ratio of -3.24 and a beta of 2.76. The stock has a 50-day moving average of $1.46 and a 200 day moving average of $2.13. Hyliion has a twelve month low of $1.11 and a twelve month high of $4.10.

Hyliion Company Profile