Origin Materials, Inc. (NASDAQ:ORGNW) Short Interest Down 75.5% in December

Origin Materials, Inc. (NASDAQ:ORGNW) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 569 shares, a drop of 75.5% from the November 30th total of 2,320 shares. Based on an average daily trading volume, of 51,373 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 51,373 shares, the short-interest ratio is presently 0.0 days.

Origin Materials Stock Performance

Shares of NASDAQ ORGNW traded up $0.00 during mid-day trading on Thursday, reaching $0.01. 11,295 shares of the company traded hands, compared to its average volume of 52,817. The company’s fifty day moving average is $0.02 and its two-hundred day moving average is $0.02. Origin Materials has a fifty-two week low of $0.00 and a fifty-two week high of $0.15.

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.