Cleanspark, Inc. (NASDAQ:CLSK – Get Free Report) saw some unusual options trading on Tuesday. Stock traders acquired 102,104 call options on the stock. This represents an increase of approximately 50% compared to the typical daily volume of 68,163 call options.
Cleanspark Stock Up 4.7%
Shares of CLSK traded up $0.51 during midday trading on Tuesday, reaching $11.27. 23,311,022 shares of the stock were exchanged, compared to its average volume of 24,961,271. Cleanspark has a 52 week low of $7.03 and a 52 week high of $23.61. The company has a current ratio of 10.54, a quick ratio of 10.54 and a debt-to-equity ratio of 1.29. The company’s 50 day moving average is $9.70 and its two-hundred day moving average is $12.66. The company has a market capitalization of $2.88 billion, a P/E ratio of -10.53 and a beta of 3.53.
Institutional Trading of Cleanspark
A number of institutional investors have recently modified their holdings of the company. Marex Group plc lifted its holdings in shares of Cleanspark by 23,812.2% during the fourth quarter. Marex Group plc now owns 5,400,561 shares of the company’s stock worth $54,654,000 after purchasing an additional 5,377,976 shares during the period. Voloridge Investment Management LLC purchased a new position in Cleanspark during the third quarter valued at approximately $56,056,000. Dimensional Fund Advisors LP raised its position in Cleanspark by 80.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,779,062 shares of the company’s stock valued at $78,731,000 after acquiring an additional 3,467,841 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Cleanspark during the fourth quarter valued at approximately $26,125,000. Finally, Situational Awareness LP purchased a new position in Cleanspark during the fourth quarter valued at approximately $16,601,000. 43.12% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on CLSK
Cleanspark Company Profile
CleanSpark, Inc (NASDAQ: CLSK) is a leading energy software and services company specializing in advanced microgrid controls and distributed energy resource (DER) management. The firm develops proprietary software platforms designed to optimize power flows across on-grid and off-grid installations, integrating renewable generation, battery storage, and traditional generation assets. CleanSpark’s technology is used by utilities, commercial and industrial enterprises, and remote facilities seeking to enhance energy resilience, reduce operating costs, and achieve sustainability goals.
In addition to its core software offerings, CleanSpark provides end-to-end engineering, procurement and construction (EPC) services.
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