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

Origin Agritech Limited (NASDAQ:SEED) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 28,740 shares, a decline of 54.0% from the August 15th total of 62,487 shares. Based on an average daily volume of 12,670 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.3% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued 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, the stock currently has an average rating of “Sell”.

Origin Agritech Price Performance

Shares of NASDAQ SEED opened at $1.04 on Monday. The business has a fifty day moving average price of $1.02 and a two-hundred day moving average price of $1.10. Origin Agritech has a fifty-two week low of $0.87 and a fifty-two week high of $2.49.

Institutional Inflows and Outflows

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

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.