Origin Materials, Inc. (NASDAQ:ORGNW) Sees Large Growth in Short Interest

Origin Materials, Inc. (NASDAQ:ORGNW) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 138,900 shares, a growth of 46,200.0% from the March 31st total of 300 shares. Based on an average daily trading volume, of 88,900 shares, the days-to-cover ratio is currently 1.6 days.

Origin Materials Price Performance

Shares of NASDAQ:ORGNW opened at $0.05 on Friday. The company’s 50-day moving average is $0.03 and its 200 day moving average is $0.04. Origin Materials has a fifty-two week low of $0.02 and a fifty-two week high of $0.89.

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.