Shares of Origin Investment Corp I (NASDAQ:ORIQU – Get Free Report) rose 2.9% on Tuesday . The stock traded as high as $10.35 and last traded at $10.65. Approximately 107 shares changed 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 Stock Down 0.5%
The business has a 50 day simple moving average of $10.40 and a 200 day simple moving average of $10.30.
Hedge Funds Weigh In On Origin Investment Corp I
Several hedge funds and other institutional investors have recently modified their holdings of ORIQU. Heights Capital Management Inc. purchased a new stake in Origin Investment Corp I during the 3rd quarter worth approximately $2,528,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Origin Investment Corp I in the third quarter worth $506,000. Finally, Clear Street Group Inc. lifted its stake in shares of 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 buying an additional 45,984 shares during the period.
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.
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