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

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

Origin Agritech Stock Performance

Origin Agritech stock opened at $3.31 on Monday. Origin Agritech has a 1 year low of $1.37 and a 1 year high of $6.38. The firm’s 50 day moving average price is $2.72 and its two-hundred day moving average price is $3.74.

Hedge Funds Weigh In On Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC purchased a new position in Origin Agritech Limited (NASDAQ:SEED) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 41,542 shares of the biotechnology company’s stock, valued at approximately $199,000. Legacy Advisors LLC owned approximately 0.66% of Origin Agritech at the end of the most recent quarter. 1.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Origin Agritech in a research note on Tuesday, September 24th. They issued a “hold” rating on the stock.

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.