SNDL (NASDAQ:SNDL) Sees Strong Trading Volume – Here’s Why

SNDL Inc. (NASDAQ:SNDL) shares saw strong trading volume on Wednesday . 2,027,681 shares traded hands during trading, an increase of 2% from the previous session’s volume of 1,992,968 shares.The stock last traded at $1.92 and had previously closed at $1.75.

SNDL Stock Down 3.6 %

The firm has a 50 day moving average price of $1.81 and a 200-day moving average price of $1.98. The company has a current ratio of 5.61, a quick ratio of 4.16 and a debt-to-equity ratio of 0.10. The firm has a market cap of $488.77 million, a PE ratio of -6.00 and a beta of 3.11.

Hedge Funds Weigh In On SNDL

Hedge funds have recently made changes to their positions in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in SNDL during the 4th quarter valued at approximately $25,000. SG Americas Securities LLC purchased a new stake in shares of SNDL during the third quarter worth approximately $33,000. SBI Securities Co. Ltd. acquired a new stake in shares of SNDL during the fourth quarter worth $69,000. Transform Wealth LLC purchased a new position in SNDL in the 4th quarter valued at $87,000. Finally, RMR Capital Management LLC acquired a new position in SNDL in the 3rd quarter valued at $103,000.

SNDL Company Profile

SNDL Inc engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical markets; sells wines, beers, and spirits through wholly owned liquor stores; and private sale of recreational cannabis through wholly owned and franchised retail cannabis stores.