Origin Investment Corp I (NASDAQ:ORIQU) Stock Price Down 1.1% – Here’s What Happened

Origin Investment Corp I (NASDAQ:ORIQU)’s stock price fell 1.1% during trading on Friday . The stock traded as low as $10.25 and last traded at $10.38. 4,100 shares were traded during trading, a decline of 90% from the average session volume of 42,839 shares. The stock had previously closed at $10.50.

Origin Investment Corp I Stock Down 1.1%

The company’s 50-day moving average is $10.39.

Institutional Investors Weigh In On Origin Investment Corp I

A number of hedge funds have recently modified their holdings of ORIQU. Clear Street Group Inc. purchased a new position in shares of Origin Investment Corp I in the third quarter worth about $37,000. Schonfeld Strategic Advisors LLC acquired a new stake in Origin Investment Corp I in the 3rd quarter valued at about $506,000. Finally, Heights Capital Management Inc. purchased a new position in Origin Investment Corp I in the 3rd quarter worth approximately $2,528,000.

Origin Investment Corp I Company Profile

Origin Investment Corp I is a Delaware-based special purpose acquisition company (SPAC) formed to pursue a business combination with a target operating company. Listed on the NASDAQ under the ticker ORIQU, the company seeks to leverage the flexible structure of a blank check vehicle to identify and consummate a merger, capital purchase, or similar business transaction.

The company’s primary focus is on identifying opportunities within technology, media, telecommunications, and related sectors.