Organigram Holdings Inc. (NASDAQ:OGI) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its position in shares of Organigram Holdings Inc. (NASDAQ:OGI - Free Report) by 49.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 645,780 shares of the company's stock after selling 627,436 shares during the quarter. Millennium Management LLC owned about 0.51% of Organigram worth $1,038,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of OGI. Arrowstreet Capital Limited Partnership purchased a new position in shares of Organigram in the fourth quarter worth about $1,153,000. Dimensional Fund Advisors LP lifted its position in Organigram by 13.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 359,739 shares of the company's stock worth $579,000 after buying an additional 43,721 shares in the last quarter. Oxford Asset Management LLP purchased a new stake in shares of Organigram during the fourth quarter worth $50,000. Cubist Systematic Strategies LLC increased its stake in shares of Organigram by 210.7% during the fourth quarter. Cubist Systematic Strategies LLC now owns 45,095 shares of the company's stock worth $73,000 after buying an additional 30,583 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Organigram by 2.4% during the 4th quarter. Renaissance Technologies LLC now owns 914,648 shares of the company's stock worth $1,473,000 after buying an additional 21,200 shares during the last quarter. Institutional investors own 34.63% of the company's stock.

Organigram Trading Up 2.2%

Shares of NASDAQ OGI traded up $0.03 during trading hours on Monday, reaching $1.38. The stock had a trading volume of 342,087 shares, compared to its average volume of 655,532. Organigram Holdings Inc. has a fifty-two week low of $0.85 and a fifty-two week high of $2.08. The firm has a market cap of $184.76 million, a price-to-earnings ratio of -3.63 and a beta of 1.37. The firm has a 50-day moving average of $1.16 and a 200-day moving average of $1.31.

Organigram Profile

Organigram Holdings Inc, through its subsidiaries, engages in the production and sale of cannabis and cannabis-derived products in Canada. It offers medical cannabis products, including whole flower, milled flower, pre-rolls, infused pre-rolls, vapes, gummies, and concentrates for medical retailers; adult use recreational cannabis under the SHRED, Holy Mountain, Big Bag O' Buds, Monjour, Trailblazer, SHRED'ems, Edison Cannabis Co, Edison JOLTS, Tremblant, and Laurentian brands.