Origin Materials, Inc. (NASDAQ:ORGN) Short Interest Update

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Origin Materials in a report on Monday, December 29th. One investment 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 Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in Origin Materials in the 3rd quarter valued at about $39,000. Ameriprise Financial Inc. boosted its holdings in shares of Origin Materials by 112.2% during the 2nd 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 during the last quarter. Osaic Holdings Inc. grew its position in shares of Origin Materials by 21.7% in the second quarter. Osaic Holdings Inc. now owns 111,823 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 19,950 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Origin Materials in the fourth quarter valued at approximately $26,000. Finally, Goldman Sachs Group Inc. lifted its position in Origin Materials by 157.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 279,903 shares of the financial services provider’s stock worth $59,000 after buying an additional 171,105 shares in the last quarter. 29.91% of the stock is owned by institutional investors and hedge funds.

Origin Materials Stock Performance

Origin Materials stock traded down $0.01 during mid-day trading on Monday, reaching $0.15. 843,556 shares of the company were exchanged, compared to its average volume of 1,569,731. Origin Materials has a 12-month low of $0.14 and a 12-month high of $0.95. The business has a fifty day moving average of $0.19 and a 200 day moving average of $0.41. The firm has a market cap of $22.34 million, a P/E ratio of -0.31 and a beta of 0.98.

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.