Origin Agritech Limited (NASDAQ:SEED) Short Interest Update

Origin Agritech Limited (NASDAQ:SEED) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 16,459 shares, a drop of 42.7% from the August 31st total of 28,740 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 17,127 shares, the days-to-cover ratio is presently 1.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Origin Agritech in a report on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Origin Agritech Trading Down 14.7%

Origin Agritech stock traded down $0.14 during mid-day trading on Wednesday, hitting $0.79. The stock had a trading volume of 535,951 shares, compared to its average volume of 93,544. The firm’s 50 day moving average is $1.00 and its 200 day moving average is $1.09. Origin Agritech has a one year low of $0.67 and a one year high of $2.49.

Origin Agritech Company Profile

Origin Agritech Limited (NASDAQ:SEED) is an agricultural biotechnology and seed company focused on crop breeding and the development of improved corn varieties. The company’s activities include research, seed production and the commercialization of hybrid corn seed products for agricultural use.

Origin Agritech also develops biotechnology and molecular-breeding technologies intended to improve crop traits such as yield, quality and resistance to environmental stresses. Its research platform has included genetically modified and gene-edited corn traits, subject to applicable regulatory approvals.

Founded in 1997, the company is based in China and primarily serves the Chinese agricultural market through its breeding, seed-development and related agricultural operations.