Origin Agritech Limited (NASDAQ:SEED) Short Interest Up 129.7% in August

Origin Agritech Limited (NASDAQ:SEED) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 62,487 shares, an increase of 129.7% from the July 30th total of 27,205 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 799,909 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

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, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Origin Agritech Stock Up 0.3%

Shares of SEED stock traded up $0.00 during mid-day trading on Friday, reaching $0.99. 2,914 shares of the company were exchanged, compared to its average volume of 100,928. Origin Agritech has a fifty-two week low of $0.87 and a fifty-two week high of $2.49. The business’s 50 day simple moving average is $1.02 and its 200 day simple moving average is $1.11.

Hedge Funds Weigh In On Origin Agritech

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

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.