Origin Agritech Limited (NASDAQ:SEED) Short Interest Update

Origin Agritech Limited (NASDAQ:SEED) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 16,459 shares, a decrease of 42.7% from the August 31st total of 28,740 shares. Based on an average trading volume of 17,127 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.2% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

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

Origin Agritech Stock Up 4.0%

SEED traded up $0.03 on Friday, hitting $0.71. The company had a trading volume of 15,336 shares, compared to its average volume of 93,190. The company’s fifty day moving average price is $0.99 and its 200 day moving average price is $1.08. Origin Agritech has a 1-year low of $0.66 and a 1-year high of $2.49.

About Origin Agritech

Origin Agritech Limited (NASDAQ:SEED) is an agricultural biotechnology and seed company focused on crop breeding and the development of improved corn varieties. The company’s activities include research, seed production and the commercialization of hybrid corn seed products for agricultural use.

Origin Agritech also develops biotechnology and molecular-breeding technologies intended to improve crop traits such as yield, quality and resistance to environmental stresses. Its research platform has included genetically modified and gene-edited corn traits, subject to applicable regulatory approvals.

Founded in 1997, the company is based in China and primarily serves the Chinese agricultural market through its breeding, seed-development and related agricultural operations.