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

Origin Agritech Limited (NASDAQ:SEED) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 27,205 shares, a decrease of 48.5% from the July 15th total of 52,840 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 4,705 shares, the short-interest ratio is currently 5.8 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Origin Agritech in a report on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Origin Agritech has an average rating of “Sell”.

Institutional Investors Weigh In On Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC bought a new position in Origin Agritech Limited (NASDAQ:SEED) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 41,542 shares of the biotechnology company’s stock, valued at approximately $50,000. Legacy Advisors LLC owned 0.58% of Origin Agritech as of its most recent SEC filing. Hedge funds and other institutional investors own 1.70% of the company’s stock.

Origin Agritech Stock Performance

NASDAQ SEED traded down $0.04 during trading hours on Tuesday, reaching $1.02. 15,553 shares of the company were exchanged, compared to its average volume of 105,505. Origin Agritech has a 1 year low of $0.87 and a 1 year high of $2.49. The business’s 50 day simple moving average is $1.02 and its 200-day simple moving average is $1.12.

Origin Agritech (NASDAQ:SEED) last released its earnings results on Thursday, May 21st. The biotechnology company reported ($0.09) earnings per share for the quarter. The business 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.