Short Interest in Origin Agritech Limited (NASDAQ:SEED) Grows By 237.9%

Origin Agritech Limited (NASDAQ:SEED) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 49,640 shares, a growth of 237.9% from the May 31st total of 14,690 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 41,982 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On Origin Agritech

An institutional investor recently bought a new stake in Origin Agritech stock. Legacy Advisors LLC acquired a new position in shares of Origin Agritech Limited (NASDAQ:SEED) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 41,542 shares of the biotechnology company’s stock, valued at approximately $50,000. Legacy Advisors LLC owned 0.58% of Origin Agritech as of its most recent SEC filing. 1.70% of the stock is currently owned by institutional investors and hedge funds.

Origin Agritech Price Performance

SEED stock opened at $1.05 on Tuesday. The stock has a 50-day moving average price of $1.11 and a 200-day moving average price of $1.18. Origin Agritech has a 1-year low of $0.74 and a 1-year high of $2.49.

Origin Agritech (NASDAQ:SEED) last announced its earnings results on Thursday, May 21st. The biotechnology company reported ($0.09) EPS for the quarter. The company had revenue of $3.57 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Origin Agritech in a report on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Origin Agritech

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.