Origin Investment Corp I (NASDAQ:ORIQU) Trading Up 6.7% – Here’s What Happened

Origin Investment Corp I (NASDAQ:ORIQU) was up 6.7% on Thursday . The stock traded as high as $10.99 and last traded at $10.99. Approximately 1 shares traded hands during trading, a decline of 100% from the average daily volume of 821 shares. The stock had previously closed at $10.30.

Origin Investment Corp I Stock Performance

The firm has a 50 day simple moving average of $10.22 and a two-hundred day simple moving average of $10.29.

Institutional Investors Weigh In On Origin Investment Corp I

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Heights Capital Management Inc. bought a new stake in Origin Investment Corp I during the third quarter worth $2,528,000. Schonfeld Strategic Advisors LLC bought a new stake in Origin Investment Corp I during the third quarter worth $506,000. Finally, Clear Street Group Inc. lifted its stake in Origin Investment Corp I by 1,264.0% during the fourth quarter. Clear Street Group Inc. now owns 49,622 shares of the company’s stock worth $515,000 after purchasing an additional 45,984 shares during the last quarter.

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.