Origin Agritech Limited (NASDAQ:SEED – Get Free Report) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 14,690 shares, a decrease of 56.2% from the May 14th total of 33,522 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 13,436 shares, the days-to-cover ratio is presently 1.1 days.
Institutional Trading of Origin Agritech
An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC bought a new stake in shares of Origin Agritech Limited (NASDAQ:SEED – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 1.70% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Origin Agritech in a report on Monday, May 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.
Origin Agritech Stock Performance
Origin Agritech stock opened at $0.98 on Friday. Origin Agritech has a twelve month low of $0.74 and a twelve month high of $2.49. The stock’s 50 day moving average is $1.18 and its 200 day moving average is $1.21.
Origin Agritech (NASDAQ:SEED – Get Free Report) last announced its quarterly earnings data on Thursday, May 21st. The biotechnology company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $3.57 million during the quarter.
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.
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