Origin Agritech Limited (NASDAQ:SEED) Short Interest Update

Origin Agritech Limited (NASDAQ:SEED) was the target of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 33,600 shares, a decrease of 26.3% from the October 31st total of 45,600 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 27,100 shares, the short-interest ratio is currently 1.2 days.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Origin Agritech in a report on Wednesday. They set a “hold” rating for the company.

Origin Agritech Stock Up 5.1 %

Shares of Origin Agritech stock traded up $0.13 during trading hours on Friday, reaching $2.70. The company’s stock had a trading volume of 22,803 shares, compared to its average volume of 116,902. The stock’s fifty day simple moving average is $2.78 and its two-hundred day simple moving average is $3.47. Origin Agritech has a one year low of $1.37 and a one year high of $6.38.

Hedge Funds Weigh In On Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. XTX Topco Ltd acquired a new position in Origin Agritech Limited (NASDAQ:SEED) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,054 shares of the biotechnology company’s stock, valued at approximately $34,000. XTX Topco Ltd owned about 0.17% of Origin Agritech as of its most recent SEC filing. Hedge funds and other institutional investors own 1.70% of the company’s 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.