Origin Investment Corp I (NASDAQ:ORIQU) Trading 2.9% Higher – Here’s What Happened

Origin Investment Corp I (NASDAQ:ORIQU)’s share price traded up 2.9% during mid-day trading on Tuesday . The company traded as high as $10.35 and last traded at $10.65. 107 shares traded hands during trading, a decline of 86% from the average daily volume of 788 shares. The stock had previously closed at $10.35.

Origin Investment Corp I Trading Up 2.9%

The firm has a fifty day simple moving average of $10.39 and a 200 day simple moving average of $10.30.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Heights Capital Management Inc. bought a new position in Origin Investment Corp I in the 3rd quarter worth $2,528,000. Schonfeld Strategic Advisors LLC bought a new stake in Origin Investment Corp I during the third quarter valued at about $506,000. Finally, Clear Street Group Inc. boosted its holdings 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 valued at $515,000 after acquiring an additional 45,984 shares during the period.

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.