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

Hesai Group (NASDAQ:HSAI) was the recipient of some unusual options trading activity on Tuesday. Traders purchased 5,438 call options on the company. This represents an increase of 1,621% compared to the average daily volume of 316 call options.

Hesai Group Price Performance

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

Institutional Trading of Hesai Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC lifted its stake in shares of Hesai Group by 11.9% in the third quarter. Jane Street Group LLC now owns 48,943 shares of the company’s stock worth $230,000 after buying an additional 5,186 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its stake in shares of Hesai Group by 47.5% in the third quarter. China Universal Asset Management Co. Ltd. now owns 29,500 shares of the company’s stock worth $138,000 after buying an additional 9,500 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Hesai Group by 44.1% in the second quarter. Renaissance Technologies LLC now owns 49,700 shares of the company’s stock worth $208,000 after buying an additional 15,200 shares during the last quarter. Susquehanna Fundamental Investments LLC lifted its stake in shares of Hesai Group by 107.7% in the second quarter. Susquehanna Fundamental Investments LLC now owns 144,420 shares of the company’s stock worth $605,000 after buying an additional 74,888 shares during the last quarter. Finally, Main Management ETF Advisors LLC acquired a new stake in shares of Hesai Group in the third quarter worth $924,000. 48.53% of the stock is currently owned by institutional investors and hedge funds.

About Hesai Group

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.