Hyliion Holdings Corp. (NYSEAMERICAN:HYLN – Get Free Report) saw unusually large options trading on Friday. Traders bought 7,813 call options on the company. This represents an increase of 225% compared to the average volume of 2,403 call options.
Hyliion Trading Down 4.2%
Shares of NYSEAMERICAN:HYLN traded down $0.32 during mid-day trading on Friday, reaching $7.30. The stock had a trading volume of 4,561,692 shares, compared to its average volume of 2,017,780. The company has a market cap of $1.30 billion, a P/E ratio of -24.35 and a beta of 3.43. Hyliion has a 1 year low of $1.30 and a 1 year high of $7.97. The business’s 50 day moving average price is $3.20 and its 200 day moving average price is $2.40.
Institutional Investors Weigh In On Hyliion
Hedge funds have recently made changes to their positions in the company. CIBC Bancorp USA Inc. purchased a new stake in shares of Hyliion in the third quarter worth about $26,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Hyliion in the first quarter worth about $26,000. Hsbc Holdings PLC bought a new stake in Hyliion during the first quarter worth approximately $27,000. Brevan Howard Capital Management LP bought a new stake in Hyliion during the second quarter worth approximately $30,000. Finally, XTX Topco Ltd bought a new stake in Hyliion during the second quarter worth approximately $34,000. 22.81% of the stock is currently owned by hedge funds and other institutional investors.
About Hyliion
Hyliion Holdings Corp. develops electrified powertrain solutions aimed at reducing fuel consumption and emissions for Class 8 commercial vehicles. Its flagship offerings include the Hypertruck ERX electric axle and hybrid powertrain systems that integrate battery packs with onboard natural gas generators. These modular solutions are designed to retrofit existing diesel trucks or to be incorporated by original equipment manufacturers, allowing fleets to transition toward lower-carbon operations without replacing entire fleets.
Founded in 2015 by Thomas Healy and based in Austin, Texas, Hyliion went public in 2020 via a special purpose acquisition company (SPAC) merger.
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