Traders Buy Large Volume of Call Options on SPI Energy (NASDAQ:SPI)

SPI Energy Co., Ltd. (NASDAQ:SPI) was the recipient of unusually large options trading on Wednesday. Stock traders bought 10,856 call options on the company. This is an increase of 2,648% compared to the typical daily volume of 395 call options.

NASDAQ SPI opened at $7.33 on Friday. SPI Energy has a 12 month low of $0.88 and a 12 month high of $46.67. The business has a fifty day moving average of $6.28.

Institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. bought a new position in shares of SPI Energy in the first quarter worth about $34,000. Geode Capital Management LLC purchased a new position in shares of SPI Energy in the 1st quarter worth approximately $86,000. Harvest Investment Services LLC purchased a new position in shares of SPI Energy in the 1st quarter worth approximately $97,000. HRT Financial LP purchased a new position in shares of SPI Energy in the 1st quarter worth approximately $137,000. Finally, Squarepoint Ops LLC purchased a new position in shares of SPI Energy in the 4th quarter worth approximately $406,000. 10.40% of the stock is currently owned by institutional investors.

About SPI Energy

SPI Energy Co, Ltd. provides photovoltaic solutions for business, residential, government, and utility customers and investors. It offers engineering, procurement, and construction services to independent power developers and producers, and commercial and industrial companies. The company also develops, owns, and operates solar projects that sell electricity to power companies and other electricity off-takers.

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