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

Origin Agritech Limited (NASDAQ:SEED) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 36,681 shares, an increase of 93.8% from the September 30th total of 18,929 shares. Based on an average trading volume of 44,505 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the shares of the company are short sold.

Origin Agritech Trading Up 3.2%

NASDAQ:SEED opened at $0.77 on Friday. Origin Agritech has a 1 year low of $0.66 and a 1 year high of $1.79. The stock has a fifty day moving average price of $0.90 and a two-hundred day moving average price of $1.07.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Origin Agritech in a research report on Thursday. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Origin Agritech presently has an average rating of “Sell”.

Origin Agritech Company Profile

Origin Agritech Limited is an agricultural biotechnology company focused on crop breeding and seed development in China. The company’s activities center on developing, producing and commercializing corn seed varieties, with an emphasis on improving crop yield, quality and resistance to environmental stresses.

Its technology portfolio includes hybrid corn seed products and biotechnology traits designed for use in crop breeding. Origin Agritech has also pursued research involving genetically modified and gene-edited crops, including traits intended to improve agronomic performance and nutritional characteristics.

Founded in 1997 and headquartered in Beijing, Origin Agritech serves China’s agricultural market through its seed and biotechnology operations.