Short Interest in Origin Agritech Limited (NASDAQ:SEED) Declines By 20.3%

Origin Agritech Limited (NASDAQ:SEED) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 33,300 shares, a decrease of 20.3% from the December 15th total of 41,800 shares. Based on an average daily volume of 21,900 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.8% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Origin Agritech

A hedge fund recently bought a new stake in Origin Agritech stock. XTX Topco Ltd bought a new position in Origin Agritech Limited (NASDAQ:SEED) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,054 shares of the biotechnology company’s stock, valued at approximately $34,000. XTX Topco Ltd owned 0.17% of Origin Agritech at the end of the most recent reporting period. Institutional investors own 1.70% of the company’s stock.

Origin Agritech Stock Performance

Origin Agritech stock traded down $0.10 during mid-day trading on Wednesday, reaching $1.91. The company’s stock had a trading volume of 2,292 shares, compared to its average volume of 21,198. Origin Agritech has a twelve month low of $1.37 and a twelve month high of $6.38. The business has a 50 day moving average price of $2.34 and a 200-day moving average price of $2.78.

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.