Short Interest in Origin Agritech Limited (NASDAQ:SEED) Decreases By 42.6%

Origin Agritech Limited (NASDAQ:SEED) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 33,522 shares, a decrease of 42.6% from the April 30th total of 58,371 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 24,687 shares, the days-to-cover ratio is currently 1.4 days.

Origin Agritech Stock Down 0.9%

NASDAQ SEED traded down $0.01 during trading on Thursday, reaching $1.08. 22,243 shares of the company traded hands, compared to its average volume of 68,583. The stock’s 50 day moving average price is $1.21 and its two-hundred day moving average price is $1.22. Origin Agritech has a 1-year low of $0.74 and a 1-year high of $2.49.

Origin Agritech (NASDAQ:SEED) last released its quarterly earnings data on Thursday, May 21st. The biotechnology company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $3.57 million during the quarter.

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 stake in Origin Agritech Limited (NASDAQ:SEED) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 filing with the Securities and Exchange Commission. 1.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Origin Agritech in a research note on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

About Origin Agritech

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.