Investors Purchase Large Volume of Put Options on Nano Dimension (NASDAQ:NNDM)

Nano Dimension Ltd. (NASDAQ:NNDM) was the target of some unusual options trading on Wednesday. Investors purchased 26,707 put options on the stock. This is an increase of approximately 969% compared to the average volume of 2,498 put options.

Hedge Funds Weigh In On Nano Dimension

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Insigneo Advisory Services LLC purchased a new stake in shares of Nano Dimension during the fourth quarter valued at about $25,000. OneDigital Investment Advisors LLC purchased a new stake in Nano Dimension during the fourth quarter valued at approximately $25,000. Orion Portfolio Solutions LLC acquired a new stake in Nano Dimension in the third quarter valued at approximately $25,000. Tower Research Capital LLC TRC grew its holdings in Nano Dimension by 717.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,831 shares of the technology company’s stock worth $32,000 after purchasing an additional 11,261 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Nano Dimension in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 33.89% of the company’s stock.

Nano Dimension Trading Down 3.9 %

Shares of NASDAQ:NNDM opened at $1.71 on Friday. The company has a market capitalization of $363.30 million, a PE ratio of -4.17 and a beta of 1.45. Nano Dimension has a 12-month low of $1.64 and a 12-month high of $2.87. The business’s fifty day simple moving average is $2.27 and its 200-day simple moving average is $2.29.

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.