Origin Agritech Limited (NASDAQ:SEED) Short Interest Up 220.8% in March

Origin Agritech Limited (NASDAQ:SEED) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 194,585 shares, a growth of 220.8% from the February 26th total of 60,653 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily volume of 401,345 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 401,345 shares, the short-interest ratio is currently 0.5 days. Approximately 1.6% of the company’s shares are sold short.

Institutional Investors Weigh In On Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC purchased a new position in Origin Agritech Limited (NASDAQ:SEED) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 41,542 shares of the biotechnology company’s stock, valued at approximately $50,000. Legacy Advisors LLC owned about 0.58% of Origin Agritech as of its most recent SEC filing. Hedge funds and other institutional investors own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Origin Agritech in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Origin Agritech Price Performance

NASDAQ:SEED opened at $1.24 on Wednesday. Origin Agritech has a fifty-two week low of $0.74 and a fifty-two week high of $2.49. The business has a 50 day moving average price of $1.17 and a 200-day moving average price of $1.30.

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.