Origin Agritech Limited (NASDAQ:SEED) Short Interest Up 612.3% in January

Origin Agritech Limited (NASDAQ:SEED) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 150,300 shares, an increase of 612.3% from the January 15th total of 21,100 shares. Based on an average daily volume of 57,700 shares, the days-to-cover ratio is currently 2.6 days. Approximately 3.4% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Origin Agritech in a research note on Friday, February 7th. They set a “hold” rating on the stock.

Origin Agritech Trading Down 10.5 %

Origin Agritech stock traded down $0.25 during midday trading on Wednesday, reaching $2.14. 60,512 shares of the company were exchanged, compared to its average volume of 106,633. The firm’s 50-day simple moving average is $2.18 and its 200-day simple moving average is $2.52. Origin Agritech has a 1 year low of $1.64 and a 1 year high of $6.38.

Institutional Investors Weigh In On Origin Agritech

An institutional investor recently bought a new position in Origin Agritech stock. XTX Topco Ltd purchased a new position in Origin Agritech Limited (NASDAQ:SEED) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,054 shares of the biotechnology company’s stock, valued at approximately $34,000. XTX Topco Ltd owned about 0.17% of Origin Agritech at the end of the most recent quarter. 1.70% of the stock is currently owned by institutional investors and hedge funds.

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.