Origin Materials, Inc. (NASDAQ:ORGN) Short Interest Down 48.3% in January

Origin Materials, Inc. (NASDAQ:ORGN) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 3,674,178 shares, a drop of 48.3% from the December 31st total of 7,108,635 shares. Based on an average trading volume of 1,663,279 shares, the short-interest ratio is currently 2.2 days. Approximately 2.5% of the company’s shares are sold short. Approximately 2.5% of the company’s shares are sold short. Based on an average trading volume of 1,663,279 shares, the short-interest ratio is currently 2.2 days.

Insider Transactions at Origin Materials

In related news, CFO Matthew T. Plavan sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $0.55, for a total value of $82,500.00. Following the completion of the sale, the chief financial officer directly owned 1,360,231 shares in the company, valued at approximately $748,127.05. The trade was a 9.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 379,200 shares of company stock valued at $135,672 in the last ninety days. 2.90% of the stock is currently owned by insiders.

Institutional Trading of Origin Materials

Several large investors have recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its position in shares of Origin Materials by 112.2% during the second quarter. Ameriprise Financial Inc. now owns 75,387 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 39,856 shares in the last quarter. Virtu Financial LLC purchased a new position in Origin Materials in the 3rd quarter valued at about $39,000. Osaic Holdings Inc. grew its stake in shares of Origin Materials by 21.7% during the second quarter. Osaic Holdings Inc. now owns 111,823 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 19,950 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Origin Materials by 848.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 623,460 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 557,747 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Origin Materials by 13.0% in the second quarter. Geode Capital Management LLC now owns 1,705,663 shares of the financial services provider’s stock worth $824,000 after acquiring an additional 196,050 shares in the last quarter. Institutional investors and hedge funds own 29.91% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Origin Materials in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Origin Materials Stock Performance

Shares of NASDAQ:ORGN traded down $0.00 during midday trading on Friday, hitting $0.19. 1,182,398 shares of the company’s stock traded hands, compared to its average volume of 1,421,485. The firm’s fifty day moving average price is $0.30 and its two-hundred day moving average price is $0.50. Origin Materials has a twelve month low of $0.18 and a twelve month high of $1.12. The company has a market cap of $28.57 million, a PE ratio of -0.40 and a beta of 0.97.

Origin Materials (NASDAQ:ORGN) last released its quarterly earnings data on Thursday, November 13th. The financial services provider reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.04). Origin Materials had a negative net margin of 275.03% and a negative return on equity of 21.95%. The company had revenue of $4.66 million during the quarter, compared to analysts’ expectations of $29.10 million. As a group, equities research analysts anticipate that Origin Materials will post -0.6 EPS for the current fiscal year.

About Origin Materials

Origin Materials, Inc is a cleantech company focused on producing sustainable chemicals and materials from renewable biomass rather than fossil feedstocks. The company’s core technology platform converts wood chips and other lignocellulosic feedstocks into a versatile intermediate called CMF (chloromethylfurfural), which can be further processed into a range of building‐block chemicals used in applications such as packaging, coatings and performance fibers. By offering a drop‐in alternative to petrochemical precursors, Origin Materials aims to reduce carbon emissions and environmental impact across multiple industries.

The company operates a demonstration facility in Sarnia, Ontario, where it validates its conversion process at scale and produces sample volumes of bio‐based intermediates.