Origin Materials, Inc. (NASDAQ:ORGNW) Short Interest Up 7,400.0% in February

Origin Materials, Inc. (NASDAQ:ORGNW) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 7,500 shares, a growth of 7,400.0% from the February 13th total of 100 shares. Based on an average daily volume of 28,800 shares, the days-to-cover ratio is currently 0.3 days.

Origin Materials Price Performance

ORGNW stock traded up $0.01 during midday trading on Wednesday, reaching $0.08. The company’s stock had a trading volume of 1,274 shares, compared to its average volume of 22,182. The business’s 50-day simple moving average is $0.10 and its 200-day simple moving average is $0.10. Origin Materials has a 52 week low of $0.02 and a 52 week high of $0.20.

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.