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

Origin Investment Corp I (NASDAQ:ORIQU) shares were up 6.7% on Thursday . The company traded as high as $10.99 and last traded at $10.99. Approximately 1 shares were traded during mid-day 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 moving average price of $10.24 and a two-hundred day moving average price of $10.30.

Institutional Investors Weigh In On Origin Investment Corp I

Hedge funds and other institutional investors have recently made changes to their positions in the business. Clear Street Group Inc. acquired a new stake in shares of Origin Investment Corp I during the 3rd quarter worth about $37,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Origin Investment Corp I during the 3rd quarter worth about $506,000. Finally, Heights Capital Management Inc. acquired a new stake in shares of Origin Investment Corp I during the 3rd quarter worth about $2,528,000.

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.