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

SPI Energy Co., Ltd. (NASDAQ:SPI) was the recipient of some unusual options trading on Wednesday. Stock traders purchased 10,856 call options on the company. This represents an increase of 2,648% compared to the average daily volume of 395 call options.

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

SPI Energy stock opened at $7.33 on Friday. SPI Energy has a 1-year low of $0.88 and a 1-year high of $46.67. The company has a fifty day simple moving average of $6.28.

SPI Energy Company Profile

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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