Origin Agritech Limited (NASDAQ:SEED) Short Interest Update

Origin Agritech Limited (NASDAQ:SEED) saw a significant decline in short interest during the month of 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 currently 5.8 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Origin Agritech stock. Legacy Advisors LLC acquired a new stake in shares of Origin Agritech Limited (NASDAQ:SEED) in the third quarter, according to the company in its most recent 13F filing with the 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 as of its most recent SEC filing. 1.70% of the stock is owned by hedge funds and other institutional investors.

Origin Agritech Trading Down 0.5%

NASDAQ SEED traded down $0.01 during trading hours on Monday, hitting $1.02. 3,278 shares of the company were exchanged, compared to its average volume of 106,054. The stock has a 50-day moving average price of $1.02 and a 200 day moving average price of $1.12. Origin Agritech has a 52 week low of $0.87 and a 52 week high of $2.49.

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 firm had revenue of $3.57 million during the quarter.

Analysts Set New Price Targets

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