Short Interest in Origin Materials, Inc. (NASDAQ:ORGNW) Increases By 63.2%

Origin Materials, Inc. (NASDAQ:ORGNW) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 3,965 shares, a growth of 63.2% from the December 31st total of 2,429 shares. Based on an average daily volume of 76,157 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 76,157 shares, the short-interest ratio is currently 0.1 days.

Origin Materials Trading Down 15.0%

Shares of ORGNW traded down $0.00 during midday trading on Friday, hitting $0.00. The stock had a trading volume of 19,800 shares, compared to its average volume of 59,711. The stock’s 50 day moving average is $0.01 and its 200 day moving average is $0.02. Origin Materials has a 1 year low of $0.00 and a 1 year 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.