Stock Traders Buy Large Volume of Call Options on KULR Technology Group (NYSEAMERICAN:KULR)

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) was the recipient of unusually large options trading on Wednesday. Stock traders bought 8,805 call options on the stock. This represents an increase of approximately 382% compared to the average volume of 1,828 call options.

KULR Technology Group Stock Performance

KULR traded up $0.12 on Wednesday, hitting $2.98. 902,823 shares of the company were exchanged, compared to its average volume of 2,315,781. The firm has a fifty day simple moving average of $3.44 and a two-hundred day simple moving average of $3.93. The stock has a market capitalization of $136.28 million, a PE ratio of -4.48 and a beta of 2.04. KULR Technology Group has a 12 month low of $2.15 and a 12 month high of $16.77.

Hedge Funds Weigh In On KULR Technology Group

A number of hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its holdings in shares of KULR Technology Group by 36.6% during the second quarter. Caitong International Asset Management Co. Ltd now owns 40,941 shares of the company’s stock worth $292,000 after purchasing an additional 10,976 shares during the period. Squarepoint Ops LLC bought a new stake in shares of KULR Technology Group in the 3rd quarter worth approximately $138,000. New York State Common Retirement Fund bought a new position in shares of KULR Technology Group during the second quarter valued at approximately $138,000. JPMorgan Chase & Co. lifted its stake in KULR Technology Group by 1,889,500.0% in the second quarter. JPMorgan Chase & Co. now owns 18,896 shares of the company’s stock worth $135,000 after acquiring an additional 18,895 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in KULR Technology Group by 98.7% in the fourth quarter. Wells Fargo & Company MN now owns 44,692 shares of the company’s stock valued at $132,000 after acquiring an additional 22,197 shares in the last quarter. Hedge funds and other institutional investors own 21.23% of the company’s stock.

KULR Technology Group Company Profile

KULR Technology Group, Inc, through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for electronics, batteries, and other components applications in the United States. It provides lithium-ion battery thermal runaway shields; automated battery cell screening and test systems; cellchecks; safecases; fiber thermal interface materials; phase change material heat sinks; internal short circuit devices; and CRUX cathodes. The company's technologies are used in electric vehicles, energy storage, battery recycling transportation, cloud computing, and 5G communication devices.