Hesai Group Sees Unusually Large Options Volume (NASDAQ:HSAI)

Hesai Group (NASDAQ:HSAI) was the target of unusually large options trading activity on Tuesday. Investors purchased 5,438 call options on the company. This is an increase of approximately 1,621% compared to the typical daily volume of 316 call options.

Institutional Investors Weigh In On Hesai Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC increased its holdings in Hesai Group by 44.1% in the 2nd quarter. Renaissance Technologies LLC now owns 49,700 shares of the company’s stock valued at $208,000 after buying an additional 15,200 shares during the period. China Universal Asset Management Co. Ltd. increased its holdings in Hesai Group by 47.5% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 29,500 shares of the company’s stock valued at $138,000 after buying an additional 9,500 shares during the period. Susquehanna Fundamental Investments LLC increased its holdings in Hesai Group by 107.7% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 144,420 shares of the company’s stock valued at $605,000 after buying an additional 74,888 shares during the period. Jane Street Group LLC increased its holdings in Hesai Group by 11.9% in the 3rd quarter. Jane Street Group LLC now owns 48,943 shares of the company’s stock valued at $230,000 after buying an additional 5,186 shares during the period. Finally, Main Management ETF Advisors LLC bought a new stake in Hesai Group in the 3rd quarter valued at $924,000. Institutional investors own 48.53% of the company’s stock.

Hesai Group Trading Up 44.4 %

Shares of HSAI stock opened at $6.86 on Wednesday. The firm has a market capitalization of $871.41 million, a P/E ratio of -13.45 and a beta of 1.36. The company has a current ratio of 3.16, a quick ratio of 2.68 and a debt-to-equity ratio of 0.09. The firm’s fifty day simple moving average is $4.64 and its 200 day simple moving average is $4.49. Hesai Group has a 1 year low of $3.28 and a 1 year high of $11.20.

Hesai Group Company Profile

Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR). Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous passenger and freight mobility services; and other applications, such as delivery robots, street sweeping robots, and logistics robots in restricted areas.