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

Origin Materials, Inc. (NASDAQ:ORGNW) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 6,614 shares, a drop of 14.5% from the February 12th total of 7,739 shares. Based on an average daily volume of 41,394 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 41,394 shares, the days-to-cover ratio is currently 0.2 days.

Origin Materials Price Performance

Origin Materials stock traded down $0.00 during midday trading on Tuesday, reaching $0.00. 17,299 shares of the stock traded hands, compared to its average volume of 49,402. Origin Materials has a 12 month low of $0.00 and a 12 month high of $0.09.

Origin Materials Company Profile

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.