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

Origin Agritech Limited (NASDAQ:SEED) was the recipient of a large drop in short interest in February. As of February 15th, there was short interest totalling 106,000 shares, a drop of 29.5% from the January 31st total of 150,300 shares. Based on an average daily volume of 60,400 shares, the days-to-cover ratio is presently 1.8 days. Approximately 2.1% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Origin Agritech in a report on Monday. They set a “hold” rating for the company.

Hedge Funds Weigh In On Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. Two Sigma Securities LLC purchased a new position in shares of Origin Agritech Limited (NASDAQ:SEED) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,259 shares of the biotechnology company’s stock, valued at approximately $28,000. Two Sigma Securities LLC owned approximately 0.21% of Origin Agritech as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 1.70% of the company’s stock.

Origin Agritech Stock Up 3.8 %

Shares of SEED stock traded up $0.07 on Wednesday, reaching $1.94. The company had a trading volume of 12,056 shares, compared to its average volume of 81,125. The business’s 50-day moving average is $2.09 and its 200 day moving average is $2.46. Origin Agritech has a one year low of $1.64 and a one year high of $6.38.

Origin Agritech Company Profile

Origin Agritech Limited, together with its subsidiaries, operates as an agricultural biotechnology in the People’s Republic of China. The company engages in the development and distribution of seed products; and research on genetically enhanced breeding technologies in agricultural crops. Its products include corn, soybean, canola, and rice seeds.