Short Interest in Origin Agritech Limited (NASDAQ:SEED) Decreases By 23.2%

Origin Agritech Limited (NASDAQ:SEED) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 19,200 shares, a drop of 23.2% from the June 30th total of 25,000 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 51,000 shares, the days-to-cover ratio is currently 0.4 days.

Origin Agritech Stock Performance

SEED remained flat at $3.09 during trading on Friday. The company’s stock had a trading volume of 13,715 shares, compared to its average volume of 29,559. The firm has a 50-day moving average of $4.70 and a two-hundred day moving average of $3.61. Origin Agritech has a 12 month low of $1.37 and a 12 month high of $6.38.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Origin Agritech in a research note on Thursday, July 18th. They issued a “buy” rating on the stock.

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.