Origin Agritech Limited (NASDAQ:SEED) Short Interest Update

Origin Agritech Limited (NASDAQ:SEED) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 28,740 shares, a decrease of 54.0% from the August 15th total of 62,487 shares. Based on an average trading volume of 12,670 shares, the short-interest ratio is currently 2.3 days. Currently, 0.3% of the shares of the stock are short sold.

Origin Agritech Price Performance

Shares of Origin Agritech stock opened at $1.04 on Monday. The firm’s 50 day moving average is $1.02 and its 200 day moving average is $1.10. Origin Agritech has a 1 year low of $0.87 and a 1 year high of $2.49.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Origin Agritech in a research note on Friday, July 31st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock 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) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 currently owned by institutional investors.

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.