Origin Agritech Limited (NASDAQ:SEED) Short Interest Down 20.3% in December

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

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Origin Agritech in a report on Tuesday. They issued a “hold” rating for the company.

Institutional Investors Weigh In On Origin Agritech

A hedge fund recently bought a new stake 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 its most recent disclosure 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 approximately 0.17% of Origin Agritech at the end of the most recent quarter. Institutional investors and hedge funds own 1.70% of the company’s stock.

Origin Agritech Price Performance

Shares of NASDAQ SEED traded down $0.10 during trading on Wednesday, hitting $1.91. The company had a trading volume of 2,292 shares, compared to its average volume of 21,198. Origin Agritech has a 52 week low of $1.37 and a 52 week high of $6.38. The business’s 50-day moving average is $2.34 and its 200 day moving average is $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.