Origin Materials, Inc. (NASDAQ:ORGN) Short Interest Up 57.6% in February

Origin Materials, Inc. (NASDAQ:ORGN) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 5,341,866 shares, a growth of 57.6% from the January 29th total of 3,389,690 shares. Based on an average daily trading volume, of 1,794,006 shares, the short-interest ratio is currently 3.0 days. Currently, 3.6% of the shares of the company are sold short. Currently, 3.6% of the shares of the company are sold short. Based on an average daily trading volume, of 1,794,006 shares, the short-interest ratio is currently 3.0 days.

Hedge Funds Weigh In On Origin Materials

Hedge funds have recently modified their holdings of the stock. XTX Topco Ltd purchased a new stake in shares of Origin Materials during the fourth quarter worth $26,000. Ameriprise Financial Inc. increased its position in Origin Materials by 112.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 75,387 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 39,856 shares during the last quarter. Virtu Financial LLC acquired a new position in Origin Materials in the 3rd quarter worth about $39,000. Osaic Holdings Inc. raised its stake in shares of Origin Materials by 21.7% during the 2nd quarter. Osaic Holdings Inc. now owns 111,823 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 19,950 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Origin Materials by 157.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 279,903 shares of the financial services provider’s stock valued at $59,000 after buying an additional 171,105 shares during the last quarter. 29.91% of the stock is owned by institutional investors and hedge funds.

Origin Materials Stock Down 9.8%

Shares of NASDAQ:ORGN opened at $0.15 on Friday. The company has a market cap of $23.11 million, a PE ratio of -0.33 and a beta of 0.98. The company’s 50-day moving average price is $0.19 and its 200 day moving average price is $0.41. Origin Materials has a fifty-two week low of $0.14 and a fifty-two week high of $0.95.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Origin Materials in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Origin Materials presently has a consensus rating of “Sell”.

About Origin Materials

Origin Materials, Inc is a cleantech company focused on producing sustainable chemicals and materials from renewable biomass rather than fossil feedstocks. The company’s core technology platform converts wood chips and other lignocellulosic feedstocks into a versatile intermediate called CMF (chloromethylfurfural), which can be further processed into a range of building‐block chemicals used in applications such as packaging, coatings and performance fibers. By offering a drop‐in alternative to petrochemical precursors, Origin Materials aims to reduce carbon emissions and environmental impact across multiple industries.

The company operates a demonstration facility in Sarnia, Ontario, where it validates its conversion process at scale and produces sample volumes of bio‐based intermediates.