Origin Investment Corp I (NASDAQ:ORIQU) Trading 0.6% Higher – Should You Buy?

Origin Investment Corp I (NASDAQ:ORIQU) traded up 0.6% during mid-day trading on Wednesday . The company traded as high as $10.28 and last traded at $10.28. 100 shares were traded during mid-day trading, a decline of 86% from the average session volume of 700 shares. The stock had previously closed at $10.22.

Origin Investment Corp I Trading Up 0.6%

The stock’s fifty day simple moving average is $10.28 and its two-hundred day simple moving average is $10.26.

Institutional Trading of Origin Investment Corp I

Institutional investors and hedge funds have recently bought and sold shares of the stock. Clear Street Group Inc. lifted its holdings in Origin Investment Corp I by 1,264.0% during the 4th quarter. Clear Street Group Inc. now owns 49,622 shares of the company’s stock worth $515,000 after buying an additional 45,984 shares during the period. Heights Capital Management Inc. bought a new position in shares of Origin Investment Corp I during the third quarter worth about $2,528,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Origin Investment Corp I in the third quarter worth approximately $506,000.

Origin Investment Corp I Company Profile

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.