Origin Agritech Limited (NASDAQ:SEED) Sees Significant Growth in Short Interest

Origin Agritech Limited (NASDAQ:SEED) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 62,487 shares, an increase of 129.7% from the July 30th total of 27,205 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 799,909 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Origin Agritech in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Institutional Trading of Origin Agritech

A hedge fund recently bought a new position in Origin Agritech stock. Legacy Advisors LLC bought a new position in Origin Agritech Limited (NASDAQ:SEED) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 41,542 shares of the biotechnology company’s stock, valued at approximately $50,000. Legacy Advisors LLC owned about 0.58% of Origin Agritech as of its most recent filing with the Securities and Exchange Commission (SEC). 1.70% of the stock is owned by hedge funds and other institutional investors.

Origin Agritech Price Performance

Shares of NASDAQ:SEED traded up $0.00 during trading on Friday, hitting $0.99. 2,914 shares of the stock were exchanged, compared to its average volume of 100,928. The company has a fifty day moving average price of $1.02 and a two-hundred day moving average price of $1.11. Origin Agritech has a 12-month low of $0.87 and a 12-month high of $2.49.

Origin Agritech Company Profile

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.