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

Origin Agritech Limited (NASDAQ:SEEDGet Free Report) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 27,205 shares, a decline of 48.5% from the July 15th total of 52,840 shares. Based on an average daily volume of 4,705 shares, the days-to-cover ratio is currently 5.8 days. Approximately 0.2% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

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

View Our Latest Report on SEED

Origin Agritech Trading Down 1.9%

Shares of NASDAQ:SEED opened at $1.03 on Friday. The stock has a fifty day moving average of $1.02 and a 200-day moving average of $1.12. Origin Agritech has a one year low of $0.87 and a one year high of $2.49.

Origin Agritech (NASDAQ:SEEDGet Free Report) last issued its earnings results on Thursday, May 21st. The biotechnology company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $3.57 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC purchased a new stake in shares of Origin Agritech Limited (NASDAQ:SEEDFree Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 41,542 shares of the biotechnology company’s stock, valued at approximately $50,000. Legacy Advisors LLC owned 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.

About Origin Agritech

(Get Free Report)

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.

Further Reading

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