OriginOil Inc. (OTCMKTS:OCLN) Sees Large Decline in Short Interest

OriginOil Inc. (OTCMKTS:OCLN) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 7,414 shares, a decline of 95.9% from the November 30th total of 178,870 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,187,153 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 1,187,153 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

OriginOil Price Performance

Shares of OTCMKTS:OCLN traded down $0.00 on Wednesday, reaching $0.00. 168,000 shares of the company’s stock were exchanged, compared to its average volume of 611,564. OriginOil has a fifty-two week low of $0.00 and a fifty-two week high of $0.00.

OriginOil Company Profile

OriginOil, Inc (OTCMKTS:OCLN) is a technology company specializing in advanced systems for resource extraction and water treatment. The company develops and licenses proprietary separation technologies designed to recover valuable hydrocarbons from biological and mineral sources, as well as to remove contaminants from industrial wastewater. Its core platform utilizes ultrasonic cavitation and tailored chemical processes to enable single-step extraction of oils and efficient separation of solids from liquids.

Founded in 2005 and headquartered in El Segundo, California, OriginOil initially focused on enabling commercial-scale production of algae-derived biofuels.