Kandi Technologies Group Inc (NASDAQ:KNDI) was the target of unusually large options trading on Monday. Stock investors purchased 5,259 put options on the company. This represents an increase of approximately 1,720% compared to the average daily volume of 289 put options.
Separately, BidaskClub lowered Kandi Technologies Group from a “hold” rating to a “sell” rating in a research note on Friday, January 19th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in KNDI. B. Riley Financial Inc. bought a new position in shares of Kandi Technologies Group during the 4th quarter valued at about $136,000. State Street Corp boosted its holdings in shares of Kandi Technologies Group by 17.3% during the 2nd quarter. State Street Corp now owns 39,990 shares of the company’s stock valued at $178,000 after purchasing an additional 5,886 shares during the last quarter. Finally, Quantitative Investment Management LLC bought a new position in shares of Kandi Technologies Group during the 4th quarter valued at about $263,000. 4.02% of the stock is owned by institutional investors and hedge funds.
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About Kandi Technologies Group
Kandi Technologies Group, Inc (Kandi) is focused on the development of pure electric vehicle (EV) products and manufacturing electric vehicle’s parts. The Company’s business operations are the design, development, manufacturing and commercialization of electric vehicles, electric vehicle parts and off-road vehicles, which are distributed in China and global markets.
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