Origin Agritech Limited (NASDAQ:SEED) Shares Shorted: Short Interest Up 93.8% in October

Origin Agritech Limited (NASDAQ:SEED) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 36,681 shares, a growth of 93.8% from the September 30th total of 18,929 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 44,505 shares, the short-interest ratio is currently 0.8 days.

Analyst Ratings Changes

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

Origin Agritech Price Performance

Shares of NASDAQ:SEED opened at $0.76 on Tuesday. Origin Agritech has a 1 year low of $0.66 and a 1 year high of $1.79. The business’s 50-day moving average is $0.89 and its 200-day moving average is $1.07.

About Origin Agritech

Origin Agritech Limited is an agricultural biotechnology company focused on crop breeding and seed development in China. The company’s activities center on developing, producing and commercializing corn seed varieties, with an emphasis on improving crop yield, quality and resistance to environmental stresses.

Its technology portfolio includes hybrid corn seed products and biotechnology traits designed for use in crop breeding. Origin Agritech has also pursued research involving genetically modified and gene-edited crops, including traits intended to improve agronomic performance and nutritional characteristics.

Founded in 1997 and headquartered in Beijing, Origin Agritech serves China’s agricultural market through its seed and biotechnology operations.