Origin Agritech Limited (NASDAQ:SEED) Short Interest Update

Origin Agritech Limited (NASDAQ:SEED) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 75,200 shares, a decline of 18.8% from the February 28th total of 92,600 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 61,700 shares, the days-to-cover ratio is currently 1.2 days.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Origin Agritech in a research note on Thursday, March 27th. They issued a “hold” rating on the stock.

Hedge Funds Weigh In On Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. XTX Topco Ltd purchased a new stake in Origin Agritech Limited (NASDAQ:SEED) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,054 shares of the biotechnology company’s stock, valued at approximately $34,000. XTX Topco Ltd owned 0.17% of Origin Agritech as of its most recent SEC filing. 1.70% of the stock is currently owned by hedge funds and other institutional investors.

Origin Agritech Price Performance

Shares of NASDAQ:SEED traded down $0.03 during midday trading on Wednesday, hitting $1.95. The company had a trading volume of 16,536 shares, compared to its average volume of 47,147. The business’s 50-day simple moving average is $2.07 and its 200-day simple moving average is $2.37. Origin Agritech has a twelve month low of $1.64 and a twelve month high of $6.38.

Origin Agritech Company Profile

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.