Origin Agritech Limited (NASDAQ:SEED) Short Interest Update

Origin Agritech Limited (NASDAQ:SEED) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 89,362 shares, a drop of 21.0% from the March 31st total of 113,110 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 37,492 shares, the short-interest ratio is currently 2.4 days.

Institutional Trading of 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 the company in its most recent disclosure 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 0.58% of Origin Agritech at the end of the most recent reporting period. 1.70% of the stock is currently owned by hedge funds and other institutional investors.

Origin Agritech Stock Up 1.7%

Shares of SEED stock traded up $0.02 during mid-day trading on Friday, reaching $1.17. 18,724 shares of the company were exchanged, compared to its average volume of 81,566. Origin Agritech has a fifty-two week low of $0.74 and a fifty-two week high of $2.49. The business’s 50 day simple moving average is $1.21 and its 200 day simple moving average is $1.31.

Origin Agritech (NASDAQ:SEED) last released its quarterly earnings results on Friday, January 30th. The biotechnology company reported ($0.26) earnings per share for the quarter. The firm had revenue of $1.43 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Origin Agritech in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Origin Agritech 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.