Origin Materials, Inc. (NASDAQ:ORGNW) Short Interest Up 842.9% in March

Origin Materials, Inc. (NASDAQ:ORGNW) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 13,200 shares, an increase of 842.9% from the February 29th total of 1,400 shares. Based on an average daily trading volume, of 80,100 shares, the days-to-cover ratio is currently 0.2 days.

Origin Materials Stock Up 6.6 %

Shares of NASDAQ:ORGNW traded up $0.00 during midday trading on Thursday, reaching $0.02. The company’s stock had a trading volume of 5,650 shares, compared to its average volume of 62,529. The firm has a 50 day moving average of $0.02 and a 200-day moving average of $0.05. Origin Materials has a 12-month low of $0.02 and a 12-month high of $0.89.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Origin Materials stock. Alyeska Investment Group L.P. bought a new stake in shares of Origin Materials, Inc. (NASDAQ:ORGNW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 519,160 shares of the company’s stock, valued at approximately $462,000.

Origin Materials Company Profile

Origin Materials, Inc, together with its subsidiaries, operates as a carbon-negative materials company. The company develops proprietary platform technology to convert biomass or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other product intermediates.