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

Origin Agritech Limited (NASDAQ:SEED) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 49,640 shares, an increase of 237.9% from the May 31st total of 14,690 shares. Based on an average daily volume of 41,982 shares, the short-interest ratio is presently 1.2 days. Approximately 0.5% of the company’s shares are sold short.

Institutional Trading of Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC acquired a new stake in Origin Agritech Limited (NASDAQ:SEED) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 41,542 shares of the biotechnology company’s stock, valued at approximately $50,000. Legacy Advisors LLC owned approximately 0.58% of Origin Agritech at the end of the most recent quarter. 1.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Origin Agritech in a report on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Origin Agritech Price Performance

SEED stock opened at $1.01 on Friday. The stock’s 50 day simple moving average is $1.12 and its 200 day simple moving average is $1.18. Origin Agritech has a fifty-two week low of $0.74 and a fifty-two week high of $2.49.

Origin Agritech (NASDAQ:SEED) last announced its quarterly earnings data on Thursday, May 21st. The biotechnology company reported ($0.09) EPS for the quarter. The business had revenue of $3.57 million during the quarter.

About Origin Agritech

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.