Investors Buy High Volume of Call Options on SNDL (NASDAQ:SNDL)

SNDL Inc. (NASDAQ:SNDL) saw some unusual options trading activity on Tuesday. Stock investors purchased 26,606 call options on the company. This is an increase of 145% compared to the average volume of 10,862 call options.

SNDL Stock Performance

Shares of NASDAQ SNDL opened at $2.47 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.94 and a quick ratio of 2.69. The business’s 50 day moving average price is $1.75 and its two-hundred day moving average price is $1.56. SNDL has a twelve month low of $1.25 and a twelve month high of $2.67.

SNDL (NASDAQ:SNDL) last posted its quarterly earnings results on Wednesday, March 20th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.10). SNDL had a negative net margin of 18.45% and a negative return on equity of 11.40%. The business had revenue of $182.51 million during the quarter, compared to the consensus estimate of $178.85 million. Analysts predict that SNDL will post -0.05 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cable Car Capital LLC acquired a new position in shares of SNDL in the fourth quarter valued at about $502,000. AdvisorShares Investments LLC boosted its holdings in SNDL by 12.4% in the 4th quarter. AdvisorShares Investments LLC now owns 809,212 shares of the company’s stock valued at $1,327,000 after purchasing an additional 89,222 shares during the period. Tower Research Capital LLC TRC grew its position in shares of SNDL by 163.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 28,507 shares of the company’s stock worth $47,000 after purchasing an additional 17,669 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of SNDL by 93.9% during the fourth quarter. Vontobel Holding Ltd. now owns 116,780 shares of the company’s stock worth $192,000 after purchasing an additional 56,544 shares during the period. Finally, Firethorn Wealth Partners LLC increased its holdings in shares of SNDL by 51.4% during the fourth quarter. Firethorn Wealth Partners LLC now owns 60,778 shares of the company’s stock worth $100,000 after purchasing an additional 20,628 shares during the period.

About SNDL

SNDL Inc engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical markets; sells wines, beers, and spirits through wholly owned liquor stores; and private sale of recreational cannabis through wholly owned and franchised retail cannabis stores.