Origin Agritech Limited (NASDAQ:SEED) Shares Shorted: Short Interest Up 93.8% in October

Origin Agritech Limited (NASDAQ:SEED) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 36,681 shares, an increase of 93.8% from the September 30th total of 18,929 shares. Based on an average daily volume of 44,505 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the shares of the stock are sold short.

Origin Agritech Stock Up 0.3%

SEED stock traded up $0.00 during midday trading on Monday, reaching $0.78. The company had a trading volume of 8,834 shares, compared to its average volume of 95,029. The company has a 50 day moving average of $0.90 and a two-hundred day moving average of $1.07. Origin Agritech has a 1 year low of $0.66 and a 1 year high of $1.79.

Analyst Upgrades and Downgrades

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

About Origin Agritech

Origin Agritech Limited is an agricultural biotechnology company focused on crop breeding and seed development in China. The company’s activities center on developing, producing and commercializing corn seed varieties, with an emphasis on improving crop yield, quality and resistance to environmental stresses.

Its technology portfolio includes hybrid corn seed products and biotechnology traits designed for use in crop breeding. Origin Agritech has also pursued research involving genetically modified and gene-edited crops, including traits intended to improve agronomic performance and nutritional characteristics.

Founded in 1997 and headquartered in Beijing, Origin Agritech serves China’s agricultural market through its seed and biotechnology operations.