Origin Materials, Inc. (NASDAQ:ORGN) Short Interest Update

Origin Materials, Inc. (NASDAQ:ORGN) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 7,097,175 shares, an increase of 32.9% from the February 12th total of 5,341,866 shares. Based on an average daily volume of 1,475,461 shares, the days-to-cover ratio is presently 4.8 days. Currently, 4.8% of the shares of the stock are sold short. Currently, 4.8% of the shares of the stock are sold short. Based on an average daily volume of 1,475,461 shares, the days-to-cover ratio is presently 4.8 days.

Origin Materials Stock Performance

ORGN stock traded down $0.00 during midday trading on Monday, reaching $0.12. 1,546,551 shares of the company traded hands, compared to its average volume of 1,668,473. The firm has a market capitalization of $17.90 million, a price-to-earnings ratio of -0.25 and a beta of 1.00. Origin Materials has a 52-week low of $0.11 and a 52-week high of $0.95. The business has a 50 day moving average of $0.18 and a 200-day moving average of $0.38.

Origin Materials shares are going to reverse split on Friday, March 20th. The 1-30 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, March 19th.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Origin Materials in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Origin Materials has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. XTX Topco Ltd purchased a new stake in shares of Origin Materials in the fourth quarter worth approximately $26,000. Ameriprise Financial Inc. boosted its holdings in Origin Materials by 112.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 75,387 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 39,856 shares during the period. Virtu Financial LLC bought a new position in Origin Materials in the 3rd quarter valued at $39,000. Osaic Holdings Inc. grew its position in Origin Materials by 21.7% in the 2nd quarter. Osaic Holdings Inc. now owns 111,823 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 19,950 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Origin Materials by 157.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 279,903 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 171,105 shares during the period. Institutional investors own 29.91% of the company’s stock.

About Origin Materials

Origin Materials, Inc is a cleantech company focused on producing sustainable chemicals and materials from renewable biomass rather than fossil feedstocks. The company’s core technology platform converts wood chips and other lignocellulosic feedstocks into a versatile intermediate called CMF (chloromethylfurfural), which can be further processed into a range of building‐block chemicals used in applications such as packaging, coatings and performance fibers. By offering a drop‐in alternative to petrochemical precursors, Origin Materials aims to reduce carbon emissions and environmental impact across multiple industries.

The company operates a demonstration facility in Sarnia, Ontario, where it validates its conversion process at scale and produces sample volumes of bio‐based intermediates.