Origin Agritech Limited (NASDAQ:SEED) Sees Significant Decrease in Short Interest

Origin Agritech Limited (NASDAQ:SEED) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 14,690 shares, a decrease of 56.2% from the May 14th total of 33,522 shares. Based on an average trading volume of 13,436 shares, the short-interest ratio is currently 1.1 days. Currently, 0.1% of the company’s stock are sold short.

Analysts Set New Price Targets

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

Institutional Trading of Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC purchased a new stake in Origin Agritech Limited (NASDAQ:SEED) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 41,542 shares of the biotechnology company’s stock, valued at approximately $50,000. Legacy Advisors LLC owned approximately 0.58% of Origin Agritech as of its most recent filing with the SEC. 1.70% of the stock is currently owned by institutional investors and hedge funds.

Origin Agritech Stock Up 2.6%

Shares of NASDAQ:SEED traded up $0.03 during trading on Friday, reaching $1.00. The stock had a trading volume of 63,256 shares, compared to its average volume of 27,858. Origin Agritech has a one year low of $0.74 and a one year high of $2.49. The firm’s 50-day simple moving average is $1.17 and its 200 day simple moving average is $1.21.

Origin Agritech (NASDAQ:SEED) last released its quarterly earnings results on Thursday, May 21st. The biotechnology company reported ($0.09) earnings per share for the quarter. The firm had revenue of $3.57 million for the quarter.

Origin Agritech Company Profile

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.