Short Interest in Origin Materials, Inc. (NASDAQ:ORGN) Rises By 57.6%

Origin Materials, Inc. (NASDAQ:ORGN) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 5,341,866 shares, a growth of 57.6% from the January 29th total of 3,389,690 shares. Currently, 3.6% of the company’s shares are sold short. Based on an average daily volume of 1,794,006 shares, the days-to-cover ratio is presently 3.0 days. Based on an average daily volume of 1,794,006 shares, the days-to-cover ratio is presently 3.0 days. Currently, 3.6% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Origin Materials in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Trading of Origin Materials

A number of institutional investors have recently added to or reduced their stakes in ORGN. Osaic Holdings Inc. boosted its position in Origin Materials by 21.7% in the 2nd quarter. Osaic Holdings Inc. now owns 111,823 shares of the financial services provider’s stock valued at $54,000 after buying an additional 19,950 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Origin Materials by 112.2% in the second quarter. Ameriprise Financial Inc. now owns 75,387 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 39,856 shares during the last quarter. Virtu Financial LLC purchased a new position in Origin Materials in the third quarter valued at about $39,000. XTX Topco Ltd acquired a new stake in Origin Materials during the 4th quarter valued at approximately $26,000. Finally, Goldman Sachs Group Inc. increased its holdings in Origin Materials by 157.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 279,903 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 171,105 shares during the last quarter. 29.91% of the stock is owned by hedge funds and other institutional investors.

Origin Materials Stock Performance

Shares of NASDAQ:ORGN opened at $0.15 on Tuesday. The stock has a market capitalization of $22.34 million, a P/E ratio of -0.31 and a beta of 1.00. Origin Materials has a 1 year low of $0.14 and a 1 year high of $0.95. The stock has a 50-day simple moving average of $0.19 and a 200-day simple moving average of $0.41.

Origin Materials Company Profile

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.