|Over a week ago|
Kandi Technologies put volume heavy and directionally bearish » 13:1506/0706/07/21
Bearish flow noted in…
Bearish flow noted in Kandi Technologies with 8,059 puts trading, or 8x expected. Most active are Jul-21 5 puts and Jun-21 8 calls, with total volume in those strikes near 8,600 contracts. The Put/Call Ratio is 1.76, while ATM IV is up over 3 points on the day. Earnings are expected on August 9th.
Unusually active option classes on open June 4th » 09:4006/0406/04/21
KNDI, NCTY, XERS, SENS, BBIG, WKHS, TELL, UUP, SNDL, CLOV
Unusual total active…
Unusual total active option classes on open include: Kandi Technologies (KNDI), The 9 Limited (NCTY), Xeris Pharmaceuticals (XERS), Senseonics (SENS), Vinco Ventures (BBIG), Workhorse Group (WKHS), Tellurian (TELL), PowerShares DB US Dollar Index Bullish Fund (UUP), Sundial Growers (SNDL), and Clover Health (CLOV).
Kandi Technologies unveils prototypes of K32 Utility Terrain Vehicles » 09:2205/2405/24/21
Kandi Technologies unveiled five prototypes of its new K32 Utility Terrain Vehicle, produced at its factory in Hainan, China. The K32 is a premium UTV, featuring pure electric four-wheel-drive propulsion and a fully enclosed cockpit with air conditioning. Kandi intends to begin sales of the K32 in the U.S. in 2021.
|Over a month ago|
Kandi Technologies reports Q1 EPS (8c), one est. 2c » 07:1805/1005/10/21
Reports Q1 revenue $16M,…
Reports Q1 revenue $16M, one est. $28M. Mr. Hu Xiaoming, Chairman and CEO of Kandi commented: "The most promising EV opportunities we see today are short-distance small EVs in China and high-end electric Utility Terrain Vehicles in the U.S. We are focused on mass markets by developing vehicles for these segments with a cost of RMB 30,000 or less. For China we are developing a 'neighborhood EV'. For the U.S., we are working on a fully enclosed high-end air-conditioned electric 4WD UTV. We expect to launch both products this year. We intend to pursue the EV market more aggressively now that we are no longer constrained by the non-compete restrictions of our affiliation with Fengsheng. We spent a lot on R&D in the quarter, as we start to develop a new EV model. We are also considering EV product line expansion through acquisition, and are in various stages of discussions with several potential target companies. In China our Jinhua facility relocation work was completed in the first quarter. We finished relocating production and offices to the new industrial park and vacated the old factory property. In early April, officials of the Jinhua Development Zone inspected and approved the work. We expect to soon receive the remaining payment of RMB 162 million, or approximately USD 25 million. Meanwhile, in late April our U.S. subsidiary SC Autosports moved its team to our newly purchased building in Dallas. Although our net loss grew in the first quarter, this was due to our extensive investment in R&D. Sales were solid and the EV product segment should soon recover as we execute our growth plan. We are well-funded, having collected payments for Fengsheng and the relocation. With our strong balance sheet and leading technologies, we intend to pursue exciting EV opportunities such as battery swap and the ride-sharing platform, among others."
Kandi Technologies put volume heavy and directionally bearish » 11:5504/2104/21/21
Bearish flow noted in…
Bearish flow noted in Kandi Technologies with 3,076 puts trading, or 1.9x expected. Most active are May-21 5 puts and May-21 6 calls, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 2.84, while ATM IV is up over 4 points on the day. Earnings are expected on May 6th.
Kandi Technologies completes Jinhua manufacturing exit inspection » 08:3304/2004/20/21
Kandi Technologies announced that it completed all work necessary to vacate the property associated with its legacy manufacturing plant in the Jinhua Economic and Technological Development Zone. Accordingly, the Development Zone has acknowledged the completion and delivered to Kandi all required documents necessary to close the transaction. On schedule and as agreed, by the end of March 2021 Kandi finished relocating production and offices to the new industrial park and vacated the old factory property. In early April, the relevant Economic Zone authorities inspected the vacated land and determined that it met all stipulated conditions. This inspection and acceptance will now be verified by an additional set of interested parties. Upon their approval, within ten working days Kandi will receive the final installment payment of $22.7M.
Largest borrow rate increases among liquid names » 08:4504/0104/01/21
BGS, TNA, CHPT, FXC, KNDI, ABB, WISH, RFP, FUTU, INFI
Latest data shows the…
Latest data shows the largest indicative borrow rate increases among liquid option names include: B&G Foods (BGS) 19.17% +4.58, Direxion Daily Smal Cap Bull 3X Shares (TNA) 3.56% +1.60, ChargePoint Holdings (CHPT) 28.29% +0.53, Canadian Dollar Trust (FXC) 5.63% +0.50, Kandi Technologies (KNDI) 4.27% +0.29, ABB (ABB) 15.20% +0.26, ContextLogic (WISH) 3.05% +0.24, Resolute Forest (RFP) 1.64% +0.23, Futu Holdings (FUTU) 37.39% +0.23, and Infinity Pharmaceuticals (INFI) 1.08% +0.22.
Kandi Technologies reports 2020 EPS (19c), one est. 6c » 07:2603/3003/30/21
Reports revenue $76.9M,…
Reports revenue $76.9M, one est. $77.6M. Hu Xiaoming, Chairman and CEO of Kandi commented: "The lock downs and closures of stores and facilities around the world, caused by the spread of COVID-19, challenged every corner of the economy in 2020. Although our operations in China fully resumed in early March of 2020, sales of EV parts, one of our primary revenue sources, were severely impacted by several waves of the pandemic. On the positive side, this challenge resulted in relentless effort and commitment from our management and employees to explore other market opportunities that leverage our expertise. We decided to pursue product innovation in Electric Scooters and Electric Self-Balancing Scooters, which have a global market of tens of millions of units sold each year. We pursued these opportunities by expanding production of intelligent transportation products that exploit our advantages in electric motors and battery packs. This resulted in revenue from Electric Scooters, Electric Self-Balancing Scooters and associated parts increasing by 160.5% in 2020, offsetting a 63.3% decline in revenue from EV parts...Looking forward, we have multiple growth opportunities. We are dedicated to building our business in the U.S., and we are pursuing third and fourth-tier city government-accredited EV online ride-share service businesses. With capital from the real estate repurchase agreement and the $160 million direct placement, we are confident that we can fund the R&D necessary to develop sports cars, battery swapping technology, and the ride-sharing program. Furthermore, our recent exit from the Fengsheng affiliation through the transfer of the remaining equity interest eliminates the non-compete restrictions, thus enabling us to pursue the EV market more aggressively in China. We believe the years ahead hold a multitude of opportunities that can restart our growth."
Kandi Technologies put volume heavy and directionally bearish » 12:5503/2903/29/21
Bearish flow noted in…
Bearish flow noted in Kandi Technologies with 8,462 puts trading, or 4x expected. Most active are Apr-21 5 puts and Apr-21 6 puts, with total volume in those strikes near 8,100 contracts. The Put/Call Ratio is 4.59, while ATM IV is up nearly 10 points on the day. Earnings are expected on March 30th.
Kandi Technologies call volume above normal and directionally bullish » 14:4503/2403/24/21
Bullish option flow…
Bullish option flow detected in Kandi Technologies with 6,577 calls trading, 1.4x expected, and implied vol increasing over 2 points to 108.11%. Apr-21 8 calls and Apr-21 6 puts are the most active options, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 0.47. Earnings are expected on March 31st.