Origin Agritech Limited (NASDAQ:SEED) Stock Short Interest Drops 42.7%

Origin Agritech Limited (NASDAQ:SEED) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 16,459 shares, a decline of 42.7% from the August 31st total of 28,740 shares. Based on an average daily volume of 17,127 shares, the short-interest ratio is presently 1.0 days. Approximately 0.2% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

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

Origin Agritech Stock Down 14.4%

Shares of NASDAQ SEED traded down $0.11 during midday trading on Thursday, reaching $0.68. 118,576 shares of the company’s stock were exchanged, compared to its average volume of 93,678. Origin Agritech has a 52-week low of $0.66 and a 52-week high of $2.49. The business’s fifty day moving average price is $0.99 and its two-hundred day moving average price is $1.09.

Origin Agritech Company Profile

Origin Agritech Limited (NASDAQ:SEED) is an agricultural biotechnology and seed company focused on crop breeding and the development of improved corn varieties. The company’s activities include research, seed production and the commercialization of hybrid corn seed products for agricultural use.

Origin Agritech also develops biotechnology and molecular-breeding technologies intended to improve crop traits such as yield, quality and resistance to environmental stresses. Its research platform has included genetically modified and gene-edited corn traits, subject to applicable regulatory approvals.

Founded in 1997, the company is based in China and primarily serves the Chinese agricultural market through its breeding, seed-development and related agricultural operations.