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

Origin Agritech Limited (NASDAQ:SEED) was the target of a significant decline in short interest in the month of 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 trading volume of 21,900 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.8% of the shares of the company are short sold.

Origin Agritech Stock Performance

NASDAQ:SEED traded up $0.01 during trading hours on Thursday, reaching $1.83. The company had a trading volume of 177,632 shares, compared to its average volume of 38,993. The stock has a 50-day moving average of $2.31 and a two-hundred day moving average of $2.77. 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 stake in Origin Agritech Limited (NASDAQ:SEED) during the 3rd quarter, according to its most recent 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 0.17% of Origin Agritech at the end of the most recent reporting period. 1.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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