Short Interest in Origin Materials, Inc. (NASDAQ:ORGNW) Expands By 29.8%

Origin Materials, Inc. (NASDAQ:ORGNW) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 11,521 shares, an increase of 29.8% from the March 31st total of 8,875 shares. Based on an average daily trading volume, of 50,185 shares, the days-to-cover ratio is currently 0.2 days.

Origin Materials Stock Performance

ORGNW traded down $0.00 during trading on Wednesday, hitting $0.00. 550,390 shares of the company traded hands, compared to its average volume of 78,287. Origin Materials has a one year low of $0.00 and a one year high of $0.07.

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.