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

Origin Materials, Inc. (NASDAQ:ORGNW) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 2,429 shares, an increase of 326.9% from the December 15th total of 569 shares. Based on an average daily trading volume, of 192,058 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 192,058 shares, the short-interest ratio is currently 0.0 days.

Origin Materials Price Performance

Shares of ORGNW stock traded up $0.00 during mid-day trading on Wednesday, reaching $0.00. The stock had a trading volume of 70,386 shares, compared to its average volume of 85,165. Origin Materials has a one year low of $0.00 and a one year high of $0.14. The firm’s 50 day simple moving average is $0.01 and its 200 day simple moving average is $0.02.

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.