Recent insider trends for Orient Paper, Inc. (NYSE:ONP) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of ONP, the data has a lot to say about how the stock might perform going forward.
Institutions own 02.03% of Orient Paper, Inc. (ONP)’s shares. The total value of these holdings, in millions, is $1. Among active positions in the latest quarter, 0 holders increased their positions by a total of 0 shares, 3 holders decreased the positions by a total of 27961 shares, and 5 holders held their positions. This works out to a net decrease in ownership of 27961 shares, and suggests that institutions are feeling bearish about the stock.
Among new and sold out positions, 0 holders initiated new positions by a total of 0 shares and 2 holders exited their positions by a total of 24361 shares. This nets out to a decrease of 24361 shares and is another bearish sign for ONP.
Insider ownership increased by a total of 0 shares, which suggests that ONP’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: ownership increased by a net of 0 shares.
Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Orient Paper, Inc. (NYSE:ONP)’s short interest is 13500 shares, or 0.08% of the float. This represents an increase of 366% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.
In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for ONP. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that ONP is a Strong buy, which implies that ONP is expected to outperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is expensive and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Orient Paper, Inc. (NYSE:ONP) is undervalued.