Origin Agritech Limited (NASDAQ:SEED) Sees Large Decline in Short Interest

Origin Agritech Limited (NASDAQ:SEED) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 27,205 shares, a decline of 48.5% from the July 15th total of 52,840 shares. Based on an average daily volume of 4,705 shares, the short-interest ratio is presently 5.8 days. Approximately 0.2% of the company’s shares are sold short.

Origin Agritech Trading Down 1.9%

Shares of NASDAQ:SEED opened at $1.03 on Friday. Origin Agritech has a 1 year low of $0.87 and a 1 year high of $2.49. The firm has a fifty day moving average price of $1.02 and a 200 day moving average price of $1.12.

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

Hedge Funds Weigh In On Origin Agritech

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Origin Agritech in a report on Friday, July 31st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.