Origin Materials, Inc. (NASDAQ:ORGN – Get Free Report) saw a significant drop in short interest in July. As of July 15th, there was short interest totalling 4,140,000 shares, a drop of 60.9% from the June 30th total of 10,580,000 shares. Based on an average daily volume of 2,100,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 3.4% of the company’s shares are short sold.
Origin Materials Stock Down 1.6 %
Shares of NASDAQ:ORGN traded down $0.01 during midday trading on Thursday, reaching $0.90. 279,976 shares of the company were exchanged, compared to its average volume of 1,921,849. Origin Materials has a fifty-two week low of $0.44 and a fifty-two week high of $4.53. The company has a quick ratio of 12.54, a current ratio of 12.60 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $0.96 and a two-hundred day simple moving average of $0.76. The firm has a market cap of $131.79 million, a PE ratio of -91,280.00 and a beta of 0.92.
Origin Materials (NASDAQ:ORGN – Get Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The financial services provider reported ($0.10) EPS for the quarter, hitting analysts’ consensus estimates of ($0.10). Origin Materials had a net margin of 0.34% and a negative return on equity of 12.16%. The business had revenue of $6.83 million for the quarter. During the same quarter in the previous year, the business earned ($0.06) earnings per share. As a group, sell-side analysts forecast that Origin Materials will post -0.44 earnings per share for the current year.
Institutional Investors Weigh In On Origin Materials
About Origin Materials
Origin Materials, Inc, together with its subsidiaries, operates as a carbon-negative materials company. The company develops a proprietary biomass conversion platform to convert biomass, or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other oils and extractives and other co-products.
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