Origin Agritech Limited (NASDAQ:SEED) Short Interest Up 220.8% in March

Origin Agritech Limited (NASDAQ:SEED) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 194,585 shares, an increase of 220.8% from the February 26th total of 60,653 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 401,345 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 401,345 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.6% of the shares of the stock are sold short.

Origin Agritech Stock Performance

NASDAQ:SEED opened at $1.24 on Wednesday. The business has a 50 day moving average of $1.17 and a 200 day moving average of $1.30. Origin Agritech has a 1-year low of $0.74 and a 1-year high of $2.49.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Origin Agritech in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Origin Agritech currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC bought a new stake in shares of Origin Agritech Limited (NASDAQ:SEED) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission. 1.70% of the stock is currently owned by institutional investors.

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.