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

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

Analyst Upgrades and Downgrades

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

Origin Agritech Trading Down 0.5%

Shares of SEED traded down $0.01 during mid-day trading on Thursday, reaching $1.17. The company’s stock had a trading volume of 6,338 shares, compared to its average volume of 82,309. The company’s fifty day moving average price is $1.21 and its two-hundred day moving average price is $1.31. Origin Agritech has a 52 week low of $0.74 and a 52 week high of $2.49.

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

Institutional Investors Weigh In On Origin Agritech

An institutional investor 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 its most recent disclosure with the SEC. The firm acquired 41,542 shares of the biotechnology company’s stock, valued at approximately $50,000. Legacy Advisors LLC owned approximately 0.58% of Origin Agritech at the end of the most recent reporting period. 1.70% of the stock is owned by institutional investors.

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.