Origin Agritech Limited (NASDAQ:SEED) Sees Significant Decrease in Short Interest

Origin Agritech Limited (NASDAQ:SEED) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 113,110 shares, a decline of 41.9% from the March 15th total of 194,585 shares. Based on an average daily trading volume, of 86,562 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC purchased 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. The institutional investor purchased 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 and hedge funds own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

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

Origin Agritech Stock Up 4.0%

Origin Agritech stock traded up $0.05 during trading hours on Monday, hitting $1.30. 5,749 shares of the stock traded hands, compared to its average volume of 94,160. The firm’s 50 day moving average price is $1.17 and its 200-day moving average price is $1.32. Origin Agritech has a 1 year low of $0.74 and a 1 year high of $2.49.

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

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.