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

Origin Materials, Inc. (NASDAQ:ORGN) was the recipient of a significant growth in short interest during 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. Approximately 3.6% of the company’s stock are short sold. Based on an average daily trading volume, of 1,794,006 shares, the short-interest ratio is currently 3.0 days. Based on an average daily trading volume, of 1,794,006 shares, the short-interest ratio is currently 3.0 days. Approximately 3.6% of the company’s stock are short sold.

Hedge Funds Weigh In On Origin Materials

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Origin Materials by 4.1% in the third quarter. Vanguard Group Inc. now owns 5,552,860 shares of the financial services provider’s stock worth $2,882,000 after buying an additional 220,421 shares during the last quarter. Geode Capital Management LLC lifted its position in Origin Materials by 13.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,705,663 shares of the financial services provider’s stock worth $824,000 after acquiring an additional 196,050 shares during the last quarter. Renaissance Technologies LLC lifted its position in Origin Materials by 756.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,215,063 shares of the financial services provider’s stock worth $257,000 after acquiring an additional 1,073,163 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Origin Materials by 848.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 623,460 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 557,747 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Origin Materials by 157.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 279,903 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 171,105 shares during the last quarter. Institutional investors own 29.91% of the company’s stock.

Wall Street Analyst Weigh In

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

Origin Materials Stock Performance

Shares of NASDAQ ORGN opened at $0.15 on Friday. The business’s 50-day simple moving average is $0.19 and its 200-day simple moving average is $0.41. Origin Materials has a 52 week low of $0.14 and a 52 week high of $0.95. The firm has a market cap of $23.11 million, a price-to-earnings ratio of -0.33 and a beta of 0.98.

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.