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.
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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