Origin Agritech Ltd. (NASDAQ:SEED) Short Interest Down 5.2% in May

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Origin Agritech Ltd. (NASDAQ:SEED) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 97,500 shares, a drop of 5.2% from the April 30th total of 102,800 shares. Approximately 3.2% of the shares of the stock are short sold. Based on an average trading volume of 25,700 shares, the days-to-cover ratio is currently 3.8 days.

Separately, ValuEngine upgraded shares of Origin Agritech from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th.

NASDAQ SEED opened at $3.75 on Friday. Origin Agritech has a 12 month low of $2.76 and a 12 month high of $10.73. The company’s 50 day simple moving average is $3.51 and its 200 day simple moving average is $5.19.

A hedge fund recently raised its stake in Origin Agritech stock. Jane Street Group LLC lifted its stake in shares of Origin Agritech Ltd. (NASDAQ:SEED) by 52.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,186 shares of the biotechnology company’s stock after acquiring an additional 8,369 shares during the quarter. Jane Street Group LLC owned about 0.76% of Origin Agritech worth $130,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.82% of the company’s stock.

About Origin Agritech

Origin Agritech Limited, an agricultural biotechnology company, engages in crop seed breeding and genetic improvement activities in the People's Republic of China. The company is involved in the research and development, production, sale, and marketing of hybrid crop seeds; and provision of related technical services.

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