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

Origin Materials, Inc. (NASDAQ:ORGNW) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 138,900 shares, a growth of 46,200.0% from the March 31st total of 300 shares. Based on an average daily volume of 88,900 shares, the short-interest ratio is currently 1.6 days.

Origin Materials Stock Performance

Shares of ORGNW opened at $0.05 on Friday. The company’s 50 day simple moving average is $0.03 and its 200-day simple moving average is $0.04. Origin Materials has a 12-month low of $0.02 and a 12-month high of $0.89.

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.