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

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

Analyst Ratings Changes

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

Insider Activity at Origin Materials

In other news, CFO Matthew T. Plavan sold 150,000 shares of the firm’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 transaction of $82,500.00. Following the completion of the sale, the chief financial officer owned 1,360,231 shares of the company’s stock, valued at approximately $748,127.05. This trade represents a 9.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 379,200 shares of company stock worth $135,672. Corporate insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Origin Materials

A number of large investors have recently bought and sold shares of ORGN. Ameriprise Financial Inc. grew its holdings 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 valued at $36,000 after purchasing an additional 39,856 shares during the last quarter. Virtu Financial LLC acquired a new position in Origin Materials during the 3rd quarter valued at approximately $39,000. Osaic Holdings Inc. grew its stake in Origin Materials by 21.7% during the 2nd quarter. Osaic Holdings Inc. now owns 111,823 shares of the financial services provider’s stock worth $54,000 after buying an additional 19,950 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in Origin Materials by 848.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 623,460 shares of the financial services provider’s stock worth $323,000 after buying an additional 557,747 shares during the period. Finally, Geode Capital Management LLC lifted its stake in 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 valued at $824,000 after buying an additional 196,050 shares during the last quarter. Institutional investors own 29.91% of the company’s stock.

Origin Materials Price Performance

Shares of ORGN stock traded down $0.00 on Friday, hitting $0.19. 1,182,398 shares of the stock traded hands, compared to its average volume of 1,421,485. The company’s fifty day moving average is $0.30 and its 200 day moving average is $0.50. Origin Materials has a 1-year low of $0.18 and a 1-year high of $1.12. The company has a market capitalization of $28.57 million, a PE ratio of -0.40 and a beta of 0.97.

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

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.