Nano Dimension Target of Unusually High Options Trading (NASDAQ:NNDM)

Nano Dimension Ltd. (NASDAQ:NNDM - Get Free Report) was the target of unusually large options trading activity on Tuesday. Traders purchased 32,425 call options on the company. This represents an increase of approximately 2,138% compared to the typical volume of 1,449 call options.

Hedge Funds Weigh In On Nano Dimension

Several institutional investors have recently bought and sold shares of NNDM. GAMMA Investing LLC raised its stake in shares of Nano Dimension by 192.5% in the fourth quarter. GAMMA Investing LLC now owns 15,941 shares of the technology company's stock valued at $40,000 after buying an additional 10,492 shares during the period. JPMorgan Chase & Co. increased its holdings in Nano Dimension by 5.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 103,330 shares of the technology company's stock worth $253,000 after acquiring an additional 5,437 shares during the last quarter. Tidal Investments LLC increased its holdings in Nano Dimension by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 215,784 shares of the technology company's stock worth $529,000 after acquiring an additional 9,538 shares during the last quarter. Barclays PLC raised its stake in Nano Dimension by 3,479.1% in the 3rd quarter. Barclays PLC now owns 40,301 shares of the technology company's stock valued at $99,000 after acquiring an additional 39,175 shares during the period. Finally, Arete Wealth Advisors LLC lifted its holdings in Nano Dimension by 6.3% during the third quarter. Arete Wealth Advisors LLC now owns 882,534 shares of the technology company's stock valued at $2,158,000 after purchasing an additional 52,189 shares during the last quarter. Hedge funds and other institutional investors own 33.89% of the company's stock.

Nano Dimension Stock Performance

NNDM stock traded down $0.20 during mid-day trading on Tuesday, hitting $2.42. The company had a trading volume of 3,837,459 shares, compared to its average volume of 2,800,970. Nano Dimension has a 12 month low of $2.04 and a 12 month high of $3.01. The stock's fifty day moving average price is $2.31 and its two-hundred day moving average price is $2.28. The firm has a market cap of $514.14 million, a PE ratio of -5.90 and a beta of 1.65.

Nano Dimension Company Profile

Nano Dimension Ltd., together with its subsidiaries, engages in additive manufacturing solutions in Israel and internationally. The company offers 3D printers, comprising AME systems, which are inkjet printers, that produces Hi-PEDs by depositing proprietary conductive and dielectric substances, as well as integrates in-situ capacitors, antennas, coils, transformers, and electromechanical components; micro additive manufacturing systems, a digital light processing printers (DLP) that achieves production-grade polymer and composite parts; and industrial additive manufacturing systems, that utilizes a patented foil system that fabricates ceramic and metal parts.