Origin Materials, Inc. (NASDAQ:ORGNW) Sees Large Drop in Short Interest
by Renee Jackson · The Cerbat GemOrigin Materials, Inc. (NASDAQ:ORGNW – Get Free Report) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 5,291 shares, a decrease of 55.4% from the April 30th total of 11,863 shares. Based on an average daily volume of 333,105 shares, the days-to-cover ratio is currently 0.0 days.
Origin Materials Stock Performance
Origin Materials stock remained flat at $0.00 on Tuesday. 10,450 shares of the company’s stock traded hands, compared to its average volume of 114,543. Origin Materials has a 12-month low of $0.00 and a 12-month high of $0.07.
Origin Materials Company Profile
Origin Materials, Inc is a materials science company focused on the development and commercialization of sustainable carbon-negative materials. Founded in 2016 and headquartered in West Sacramento, California, the company has pioneered a platform that converts abundant carbon sources—such as wood residuals and other biomass—into key chemical building blocks. Origin’s proprietary process integrates thermochemical conversion and catalytic upgrading to produce intermediates that can replace fossil-based feedstocks in the production of plastics, textiles and other industrial materials.
At the core of Origin’s business is its carbon-negative materials platform, which enables the manufacture of bio-based chemicals including precursors for polyethylene terephthalate (PET) polymers and other specialty compounds.