Traders Buy Large Volume of Nano Dimension Put Options (NASDAQ:NNDM)

Nano Dimension Ltd. (NASDAQ:NNDM) was the recipient of unusually large options trading on Monday. Traders purchased 3,000 put options on the stock. This is an increase of approximately 283% compared to the average daily volume of 783 put options.

Institutional Investors Weigh In On Nano Dimension

Several hedge funds and other institutional investors have recently made changes to their positions in NNDM. Murchinson Ltd. raised its stake in Nano Dimension by 23.9% during the 1st quarter. Murchinson Ltd. now owns 15,550,000 shares of the technology company’s stock worth $43,307,000 after acquiring an additional 3,000,000 shares during the period. Clearline Capital LP lifted its position in shares of Nano Dimension by 5.8% in the second quarter. Clearline Capital LP now owns 4,667,921 shares of the technology company’s stock worth $10,269,000 after buying an additional 256,449 shares in the last quarter. Swiss National Bank boosted its stake in Nano Dimension by 5.1% during the first quarter. Swiss National Bank now owns 455,500 shares of the technology company’s stock valued at $1,269,000 after buying an additional 22,200 shares during the last quarter. Shell Asset Management Co. purchased a new position in Nano Dimension during the 1st quarter valued at approximately $882,000. Finally, Susquehanna Fundamental Investments LLC increased its stake in Nano Dimension by 15.3% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 261,022 shares of the technology company’s stock worth $574,000 after acquiring an additional 34,625 shares during the last quarter. Hedge funds and other institutional investors own 33.89% of the company’s stock.

Nano Dimension Stock Down 0.5 %

Nano Dimension stock traded down $0.01 during trading hours on Monday, hitting $2.13. The stock had a trading volume of 315,214 shares, compared to its average volume of 1,370,635. The stock’s 50-day moving average price is $2.24 and its 200-day moving average price is $2.46. Nano Dimension has a 12-month low of $2.04 and a 12-month high of $3.01. The stock has a market capitalization of $466.98 million, a P/E ratio of -4.65 and a beta of 1.65.

Nano Dimension (NASDAQ:NNDM) last issued its earnings results on Tuesday, August 20th. The technology company reported ($0.20) EPS for the quarter. Nano Dimension had a negative net margin of 266.36% and a negative return on equity of 14.80%. The business had revenue of $14.99 million for the quarter.

About Nano Dimension

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.