Short Interest in Origin Materials, Inc. (NASDAQ:ORGNW) Declines By 55.4%

Origin Materials, Inc. (NASDAQ:ORGNW) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 5,291 shares, a drop of 55.4% from the April 30th total of 11,863 shares. Based on an average daily trading volume, of 333,105 shares, the days-to-cover ratio is presently 0.0 days.

Origin Materials Stock Performance

ORGNW stock traded up $0.00 during midday trading on Friday, hitting $0.00. 279,056 shares of the company’s stock were exchanged, compared to its average volume of 115,640. Origin Materials has a 12-month low of $0.00 and a 12-month high of $0.07.

About Origin Materials

Origin Materials, Inc is a materials science company focused on the development and commercialization of sustainable carbon-negative materials. Founded in 2016 and headquartered in West Sacramento, California, the company has pioneered a platform that converts abundant carbon sources—such as wood residuals and other biomass—into key chemical building blocks. Origin’s proprietary process integrates thermochemical conversion and catalytic upgrading to produce intermediates that can replace fossil-based feedstocks in the production of plastics, textiles and other industrial materials.

At the core of Origin’s business is its carbon-negative materials platform, which enables the manufacture of bio-based chemicals including precursors for polyethylene terephthalate (PET) polymers and other specialty compounds.