Origin Agritech Limited (NASDAQ:SEED – Get Free Report) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 40,800 shares, a drop of 53.0% from the March 31st total of 86,800 shares. Based on an average trading volume of 310,300 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.9% of the shares of the company are short sold.
Origin Agritech Stock Up 1.8 %
Shares of SEED traded up $0.06 during mid-day trading on Friday, hitting $3.34. The company’s stock had a trading volume of 24,146 shares, compared to its average volume of 21,665. The firm has a 50-day simple moving average of $3.27 and a 200 day simple moving average of $2.57. Origin Agritech has a 1-year low of $1.37 and a 1-year high of $6.77.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on Origin Agritech in a report on Monday, April 1st. They issued a “hold” rating for the company.
Origin Agritech Company Profile
Origin Agritech Limited, together with its subsidiaries, operates as an agricultural biotechnology in the People's Republic of China. The company engages in the development and distribution of seed products; and research on genetically enhanced breeding technologies in agricultural crops. Its products include corn, soybean, canola, and rice seeds.
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