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

Origin Agritech Limited (NASDAQ:SEED) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 33,300 shares, a decline of 20.3% from the December 15th total of 41,800 shares. Based on an average daily trading 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.

Institutional Investors Weigh In On Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. XTX Topco Ltd acquired a new stake in shares of Origin Agritech Limited (NASDAQ:SEED) in the third quarter, according to the company in its most recent filing with the Securities and 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 filing with the Securities and Exchange Commission. 1.70% of the stock is owned by institutional investors and hedge funds.

Origin Agritech Trading Up 0.5 %

Origin Agritech stock traded up $0.01 during midday trading on Thursday, reaching $1.83. 177,632 shares of the stock traded hands, compared to its average volume of 38,993. Origin Agritech has a fifty-two week low of $1.37 and a fifty-two week high of $6.38. The firm has a fifty day moving average price of $2.31 and a two-hundred day moving average price of $2.77.

Analyst Ratings Changes

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

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.