Tidal Investments LLC Sells 225,184 Shares of Organigram Holdings Inc. (NASDAQ:OGI)

Tidal Investments LLC reduced its stake in Organigram Holdings Inc. (NASDAQ:OGI - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,723,004 shares of the company's stock after selling 225,184 shares during the period. Tidal Investments LLC owned 1.37% of Organigram worth $2,774,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in Organigram by 2.4% in the fourth 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in Organigram by 13.8% in 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. Cubist Systematic Strategies LLC raised its stake in Organigram by 210.7% in 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 in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Organigram in the fourth quarter worth about $1,153,000. Finally, Oxford Asset Management LLP bought a new position in Organigram in the fourth quarter worth about $50,000. 34.63% of the stock is owned by institutional investors.

Organigram Stock Performance

Shares of NASDAQ OGI opened at $1.34 on Thursday. Organigram Holdings Inc. has a fifty-two week low of $0.85 and a fifty-two week high of $2.08. The company has a 50 day simple moving average of $1.09 and a two-hundred day simple moving average of $1.34. The company has a market capitalization of $179.34 million, a price-to-earnings ratio of -3.53 and a beta of 1.35.

Organigram Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.