Origin Agritech Limited (NASDAQ:SEED) Short Interest Update

Origin Agritech Limited (NASDAQ:SEED) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 49,640 shares, a growth of 237.9% from the May 31st total of 14,690 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 41,982 shares, the days-to-cover ratio is presently 1.2 days.

Origin Agritech Price Performance

SEED stock opened at $1.01 on Friday. Origin Agritech has a 1-year low of $0.74 and a 1-year high of $2.49. The stock’s fifty day simple moving average is $1.12 and its two-hundred day simple moving average is $1.18.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Origin Agritech in a report on Monday, May 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Origin Agritech

An institutional investor recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC acquired a new stake in shares of Origin Agritech Limited (NASDAQ:SEED) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter. Institutional investors own 1.70% of the company’s stock.

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.