Short Interest in Origin Agritech Limited (NASDAQ:SEED) Declines By 54.0%

Origin Agritech Limited (NASDAQ:SEED) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 28,740 shares, a decline of 54.0% from the August 15th total of 62,487 shares. Based on an average daily trading volume, of 12,670 shares, the short-interest ratio is presently 2.3 days. Approximately 0.3% of the company’s stock are short sold.

Origin Agritech Trading Down 6.2%

Shares of SEED stock traded down $0.06 during trading hours on Tuesday, hitting $0.96. The company had a trading volume of 28,944 shares, compared to its average volume of 95,761. Origin Agritech has a 12 month low of $0.87 and a 12 month high of $2.49. The firm’s fifty day moving average is $1.02 and its 200 day moving average is $1.10.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Origin Agritech in a report on Friday, July 31st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

About Origin Agritech

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.