Stock Traders Buy Large Volume of Tilray Brands Call Options (NASDAQ:TLRY)

Posted by George Bondi on Jun 5th, 2026

Tilray Brands, Inc. (NASDAQ:TLRY – Get Free Report) was the target of unusually large options trading on Friday. Traders acquired 19,200 call options on the company. This is an increase of 50% compared to the typical daily volume of 12,763 call options.

Tilray Brands Stock Performance

Shares of TLRY traded down $0.26 on Friday, reaching $4.93. 4,324,322 shares of the company’s stock traded hands, compared to its average volume of 4,339,059. The company has a current ratio of 2.79, a quick ratio of 1.66 and a debt-to-equity ratio of 0.19. The stock has a market cap of $574.47 million, a PE ratio of -0.36 and a beta of 1.88. The stock’s 50 day simple moving average is $6.11 and its two-hundred day simple moving average is $7.69. Tilray Brands has a 52-week low of $3.51 and a 52-week high of $23.20.

Tilray Brands (NASDAQ:TLRY – Get Free Report) last issued its quarterly earnings results on Wednesday, April 1st. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.10). The business had revenue of $206.73 million for the quarter, compared to analysts’ expectations of $201.35 million. Tilray Brands had a negative net margin of 156.51% and a negative return on equity of 3.31%. During the same period in the previous year, the business posted ($0.87) earnings per share. On average, analysts forecast that Tilray Brands will post -0.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director David G. Hopkinson sold 33,556 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $6.94, for a total transaction of $232,878.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.84% of the company’s stock.

Institutional Trading of Tilray Brands

A number of institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC increased its position in shares of Tilray Brands by 15.0% during the second quarter. Tidal Investments LLC now owns 28,971,835 shares of the company’s stock valued at $12,006,000 after acquiring an additional 3,776,410 shares during the last quarter. Millennium Management LLC increased its position in shares of Tilray Brands by 281.0% during the third quarter. Millennium Management LLC now owns 4,942,319 shares of the company’s stock valued at $8,550,000 after acquiring an additional 3,645,060 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Tilray Brands during the third quarter valued at approximately $5,813,000. Ausdal Financial Partners Inc. purchased a new stake in shares of Tilray Brands during the second quarter valued at approximately $939,000. Finally, Swiss National Bank increased its position in shares of Tilray Brands by 4.4% during the third quarter. Swiss National Bank now owns 2,013,038 shares of the company’s stock valued at $3,483,000 after acquiring an additional 84,900 shares during the last quarter. 9.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TLRY has been the topic of a number of research reports. ATB Cormark Capital Markets dropped their price target on Tilray Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 2nd. Roth Mkm raised Tilray Brands from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Thursday, April 2nd. Weiss Ratings lowered Tilray Brands from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 13th. Zacks Research raised Tilray Brands from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. Finally, Wall Street Zen raised Tilray Brands from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.50.

Read Our Latest Report on TLRY

About Tilray Brands

(Get Free Report)

Tilray Brands, Inc is a global cannabis-lifestyle and consumer packaged goods company engaged in the cultivation, production, distribution and sale of cannabis and cannabinoid-based products. The company develops and markets a diverse portfolio of branded products spanning medical cannabis, adult-use recreational products and wellness offerings. Through state-of-the-art cultivation facilities, research and development efforts, and quality control systems, Tilray Brands aims to deliver consistent, scalable products for a range of patient and consumer needs.

Tilray’s product lineup includes cannabis flower, pre-rolls, oils and tinctures, vapes, edibles and topicals, as well as hemp-derived cannabidiol (CBD) products.