Origin Materials, Inc. (NASDAQ:ORGNW) Short Interest Up 842.9% in March

Origin Materials, Inc. (NASDAQ:ORGNW) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 13,200 shares, a growth of 842.9% from the February 29th total of 1,400 shares. Based on an average daily trading volume, of 80,100 shares, the days-to-cover ratio is presently 0.2 days.

Origin Materials Price Performance

Origin Materials stock traded up $0.00 during midday trading on Thursday, hitting $0.02. 5,650 shares of the company’s stock were exchanged, compared to its average volume of 62,529. The stock has a 50-day moving average price of $0.02 and a two-hundred day moving average price of $0.05. Origin Materials has a 52-week low of $0.02 and a 52-week high of $0.89.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Origin Materials stock. Alyeska Investment Group L.P. acquired a new position in Origin Materials, Inc. (NASDAQ:ORGNW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 519,160 shares of the company’s stock, valued at approximately $462,000.

About Origin Materials

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