Origin Investment Corp I (NASDAQ:ORIQU) Trading Up 0.3% – Time to Buy?

Origin Investment Corp I (NASDAQ:ORIQU) shares were up 0.3% during trading on Tuesday . The company traded as high as $10.22 and last traded at $10.22. Approximately 500 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 786 shares. The stock had previously closed at $10.19.

Origin Investment Corp I Price Performance

The stock has a fifty day simple moving average of $10.35 and a 200-day simple moving average of $10.23.

Institutional Trading of Origin Investment Corp I

Hedge funds have recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC purchased a new position in Origin Investment Corp I in the third quarter valued at $506,000. Clear Street Group Inc. purchased a new stake in shares of Origin Investment Corp I during the 3rd quarter worth about $37,000. Finally, Heights Capital Management Inc. acquired a new stake in shares of Origin Investment Corp I during the 3rd quarter valued at about $2,528,000.

About Origin Investment Corp I

Origin Investment Corp I is a Delaware-based special purpose acquisition company (SPAC) formed to pursue a business combination with a target operating company. Listed on the NASDAQ under the ticker ORIQU, the company seeks to leverage the flexible structure of a blank check vehicle to identify and consummate a merger, capital purchase, or similar business transaction.

The company’s primary focus is on identifying opportunities within technology, media, telecommunications, and related sectors.