Origin Materials, Inc. (NASDAQ:ORGNW) Sees Large Increase in Short Interest

Origin Materials, Inc. (NASDAQ:ORGNW) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 7,500 shares, an increase of 7,400.0% from the February 13th total of 100 shares. Based on an average daily volume of 28,800 shares, the days-to-cover ratio is presently 0.3 days.

Origin Materials Trading Up 7.7 %

Shares of NASDAQ:ORGNW traded up $0.01 during midday trading on Wednesday, reaching $0.08. 1,274 shares of the company were exchanged, compared to its average volume of 22,182. Origin Materials has a fifty-two week low of $0.02 and a fifty-two week high of $0.20. The stock has a fifty day simple moving average of $0.10 and a two-hundred day simple moving average of $0.10.

Origin Materials Company Profile

Origin Materials, Inc, together with its subsidiaries, operates as a carbon-negative materials company. The company develops a proprietary biomass conversion platform to convert biomass, or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other oils and extractives and other co-products.