Origin Agritech Limited (NASDAQ:SEED) Short Interest Update

Origin Agritech Limited (NASDAQ:SEED) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 18,300 shares, a decline of 15.3% from the August 31st total of 21,600 shares. Based on an average daily trading volume, of 37,100 shares, the short-interest ratio is currently 0.5 days. Currently, 0.4% of the company’s stock are short sold.

Origin Agritech Stock Performance

SEED stock opened at $3.31 on Monday. The firm has a 50 day simple moving average of $2.72 and a 200 day simple moving average of $3.74. Origin Agritech has a 52 week low of $1.37 and a 52 week high of $6.38.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Origin Agritech in a research note on Tuesday, September 24th. They issued a “hold” rating for the company.

Institutional Investors Weigh In On Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. Legacy Advisors LLC purchased a new position in Origin Agritech Limited (NASDAQ:SEED) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned about 0.66% of Origin Agritech at the end of the most recent quarter. 1.70% of the stock is owned by hedge funds and other institutional investors.

About Origin Agritech

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.