Origin Agritech Limited (NASDAQ:SEED) Sees Large Decrease in Short Interest

Origin Agritech Limited (NASDAQ:SEED) was the target of a large decline in short interest in 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. Currently, 0.3% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Origin Agritech Stock Performance

SEED stock traded down $0.01 during midday trading on Wednesday, reaching $0.96. 3,533 shares of the company’s stock traded hands, compared to its average volume of 95,241. The firm’s fifty day moving average price is $1.02 and its 200-day moving average price is $1.10. Origin Agritech has a 52 week low of $0.87 and a 52 week high of $2.49.

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.