Origin Agritech Limited (NASDAQ:SEED) Short Interest Up 129.7% in August

Origin Agritech Limited (NASDAQ:SEED) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 62,487 shares, an increase of 129.7% from the July 30th total of 27,205 shares. Based on an average trading volume of 799,909 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.5% of the company’s stock are sold short.

Origin Agritech Trading Up 0.3%

NASDAQ SEED traded up $0.00 during trading hours on Friday, reaching $0.99. 2,914 shares of the company traded hands, compared to its average volume of 435,151. Origin Agritech has a 12 month low of $0.87 and a 12 month high of $2.49. The company has a 50 day moving average of $1.02 and a two-hundred day moving average of $1.11.

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 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 fund acquired 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. 1.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Origin Agritech in a research note on Friday, July 31st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently 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.