Origin Agritech Limited (NASDAQ:SEED) Sees Large Decline in Short Interest

Origin Agritech Limited (NASDAQ:SEED) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 14,690 shares, a decline of 56.2% from the May 14th total of 33,522 shares. Based on an average trading volume of 13,436 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.1% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Origin Agritech in a research note on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC acquired a new position in Origin Agritech Limited (NASDAQ:SEED) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 41,542 shares of the biotechnology company’s stock, valued at approximately $50,000. Legacy Advisors LLC owned approximately 0.58% of Origin Agritech at the end of the most recent reporting period. Institutional investors and hedge funds own 1.70% of the company’s stock.

Origin Agritech Stock Up 2.6%

Shares of NASDAQ:SEED traded up $0.03 during trading on Friday, hitting $1.00. 63,256 shares of the company traded hands, compared to its average volume of 27,858. The business’s fifty day moving average is $1.17 and its 200-day moving average is $1.21. Origin Agritech has a one year low of $0.74 and a one year high of $2.49.

Origin Agritech (NASDAQ:SEED) last posted its earnings results on Thursday, May 21st. The biotechnology company reported ($0.09) EPS for the quarter. The firm had revenue of $3.57 million during the quarter.

About Origin Agritech

Origin Agritech (NASDAQ:SEED) is an agricultural biotechnology company focused on the research, development, production and sale of hybrid rice seeds. The company’s core business activities center on the application of molecular marker‐assisted selection and genomics to develop high‐yielding, disease‐resistant and stress‐tolerant rice varieties. Its product portfolio includes proprietary cytoplasmic male sterile (CMS) lines, hybrid parent lines and commercial seed varieties tailored to the agronomic needs of rice growers.

Origin Agritech primarily serves the major rice‐producing provinces of China, where it has established breeding stations, seed production bases and a distribution network to supply certified hybrid seeds.