Origin Materials, Inc. (NASDAQ:ORGNW) Short Interest Up 63.2% in January

by · The Cerbat Gem

Origin Materials, Inc. (NASDAQ:ORGNW – Get Free Report) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 3,965 shares, an increase of 63.2% from the December 31st total of 2,429 shares. Based on an average daily trading volume, of 76,157 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 76,157 shares, the days-to-cover ratio is presently 0.1 days.

Origin Materials Price Performance

NASDAQ ORGNW traded down $0.00 on Friday, hitting $0.00. 19,800 shares of the company traded hands, compared to its average volume of 59,711. The business’s 50 day moving average price is $0.01 and its 200-day moving average price is $0.02. Origin Materials has a 52-week low of $0.00 and a 52-week high of $0.13.

About Origin Materials

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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.

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