Short Interest in Origin Agritech Limited (NASDAQ:SEED) Drops By 35.0%

Origin Agritech Limited (NASDAQ:SEED) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 32,700 shares, a drop of 35.0% from the May 15th total of 50,300 shares. Based on an average daily trading volume, of 55,400 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.7% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Origin Agritech in a research report on Monday, April 1st. They issued a “hold” rating for the company.

Origin Agritech Stock Performance

NASDAQ SEED traded down $0.20 on Friday, reaching $4.89. The stock had a trading volume of 25,697 shares, compared to its average volume of 43,334. Origin Agritech has a 1 year low of $1.37 and a 1 year high of $6.38. The business has a 50 day moving average price of $4.44 and a 200 day moving average price of $3.14.

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.