Short Interest in Origin Agritech Limited (NASDAQ:SEED) Increases By 237.9%

Origin Agritech Limited (NASDAQ:SEED) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 49,640 shares, an increase of 237.9% from the May 31st total of 14,690 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 41,982 shares, the short-interest ratio is presently 1.2 days.

Origin Agritech Trading Up 2.6%

NASDAQ SEED traded up $0.03 on Monday, hitting $1.04. 4,819 shares of the stock were exchanged, compared to its average volume of 63,804. Origin Agritech has a fifty-two week low of $0.74 and a fifty-two week high of $2.49. The company has a 50-day moving average price of $1.12 and a 200-day moving average price of $1.18.

Origin Agritech (NASDAQ:SEED) last announced its quarterly earnings data on Thursday, May 21st. The biotechnology company reported ($0.09) earnings per share for the quarter. The firm had revenue of $3.57 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC bought a new position in shares of Origin Agritech Limited (NASDAQ:SEED) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Origin Agritech in a report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Origin Agritech Company Profile

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.