Origin Materials, Inc. (NASDAQ:ORGNW) Sees Significant Drop in Short Interest

Origin Materials, Inc. (NASDAQ:ORGNW) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 3,260 shares, a drop of 17.8% from the January 15th total of 3,965 shares. Based on an average trading volume of 30,452 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 30,452 shares, the days-to-cover ratio is presently 0.1 days.

Origin Materials Stock Down 5.7%

NASDAQ ORGNW traded down $0.00 during mid-day trading on Monday, hitting $0.00. The stock had a trading volume of 101,240 shares, compared to its average volume of 53,052. The firm’s 50 day moving average is $0.01 and its 200 day moving average is $0.02. Origin Materials has a twelve month low of $0.00 and a twelve month high of $0.13.

About Origin Materials

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.