Origin Agritech Limited (NASDAQ:SEED) Short Interest Update

Origin Agritech Limited (NASDAQ:SEED) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 33,600 shares, a drop of 26.3% from the October 31st total of 45,600 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 27,100 shares, the short-interest ratio is currently 1.2 days.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Origin Agritech in a research report on Wednesday. They set a “hold” rating on the stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC bought a new position in Origin Agritech Limited (NASDAQ:SEED) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned about 0.66% of Origin Agritech as of its most recent SEC filing. Institutional investors own 1.70% of the company’s stock.

Origin Agritech Stock Up 5.1 %

NASDAQ SEED traded up $0.13 during mid-day trading on Friday, hitting $2.70. The stock had a trading volume of 22,803 shares, compared to its average volume of 116,902. The firm’s 50 day moving average is $2.79 and its 200 day moving average is $3.51. Origin Agritech has a twelve month low of $1.37 and a twelve month high of $6.38.

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.