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

Origin Agritech Limited (NASDAQ:SEED) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 617,900 shares, an increase of 3,690.8% from the September 30th total of 16,300 shares. Based on an average daily volume of 1,080,000 shares, the short-interest ratio is currently 0.6 days. Currently, 15.2% of the shares of the stock are sold short. Currently, 15.2% of the shares of the stock are sold short. Based on an average daily volume of 1,080,000 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Origin Agritech in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Origin Agritech has a consensus rating of “Sell”.

Origin Agritech Price Performance

Shares of NASDAQ:SEED opened at $2.00 on Tuesday. The firm has a fifty day moving average of $1.32 and a two-hundred day moving average of $1.20. Origin Agritech has a 12-month low of $0.74 and a 12-month high of $2.98.

About Origin Agritech

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.