Stock Traders Buy High Volume of Call Options on Tilray Brands (NASDAQ:TLRY)

Tilray Brands, Inc. (NASDAQ:TLRY) was the target of some unusual options trading activity on Friday. Stock traders bought 167,580 call options on the stock. This represents an increase of approximately 58% compared to the typical volume of 106,132 call options.

Tilray Brands Stock Performance

Shares of TLRY stock opened at $12.15 on Friday. The business has a fifty day moving average of $12.26 and a 200 day moving average of $9.72. Tilray Brands has a 1 year low of $3.51 and a 1 year high of $23.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.62 and a quick ratio of 1.56. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -0.54 and a beta of 1.76.

Institutional Investors Weigh In On Tilray Brands

A number of large investors have recently bought and sold shares of TLRY. Baader Bank Aktiengesellschaft boosted its stake in shares of Tilray Brands by 11.0% in the second quarter. Baader Bank Aktiengesellschaft now owns 339,706 shares of the company’s stock worth $134,000 after buying an additional 33,684 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in Tilray Brands by 12.7% in the second quarter. Vontobel Holding Ltd. now owns 272,662 shares of the company’s stock valued at $113,000 after acquiring an additional 30,818 shares during the period. Stratos Wealth Partners LTD. boosted its position in Tilray Brands by 704.5% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 81,272 shares of the company’s stock worth $34,000 after purchasing an additional 71,170 shares in the last quarter. Swiss National Bank grew its stake in shares of Tilray Brands by 2.3% during the 1st quarter. Swiss National Bank now owns 1,816,638 shares of the company’s stock worth $1,194,000 after purchasing an additional 40,000 shares during the period. Finally, Tradewinds Capital Management LLC increased its holdings in shares of Tilray Brands by 177.0% during the 2nd quarter. Tradewinds Capital Management LLC now owns 203,461 shares of the company’s stock valued at $84,000 after purchasing an additional 130,001 shares in the last quarter. Hedge funds and other institutional investors own 9.35% of the company’s stock.

Analysts Set New Price Targets

TLRY has been the topic of a number of research reports. Wall Street Zen upgraded shares of Tilray Brands from a “strong sell” rating to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Tilray Brands in a research note on Wednesday, October 8th. Atb Cap Markets upgraded Tilray Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Finally, Jefferies Financial Group lifted their target price on Tilray Brands from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, August 25th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Tilray Brands has a consensus rating of “Hold” and a consensus target price of $20.00.

About Tilray Brands

Tilray, Inc engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc is headquartered in Canada.