Origin Agritech Limited (NASDAQ:SEED) Short Interest Update

Origin Agritech Limited (NASDAQ:SEED – Get Rating) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 19,200 shares, a growth of 16.4% from the February 13th total of 16,500 shares. Based on an average daily volume of 42,400 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Origin Agritech in a report on Tuesday, February 21st. They set a “sell” rating for the company.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in Origin Agritech by 26.3% during the first quarter. Bank of America Corp DE now owns 8,063 shares of the biotechnology company’s stock worth $67,000 after buying an additional 1,681 shares during the period. Virtu Financial LLC acquired a new stake in Origin Agritech during the fourth quarter worth approximately $79,000. Citadel Advisors LLC acquired a new stake in Origin Agritech during the second quarter worth approximately $118,000. XTX Topco Ltd acquired a new stake in Origin Agritech during the first quarter worth approximately $177,000. Finally, The Manufacturers Life Insurance Company boosted its position in Origin Agritech by 5.9% during the third quarter. The Manufacturers Life Insurance Company now owns 74,981 shares of the biotechnology company’s stock worth $643,000 after acquiring an additional 4,198 shares during the last quarter. 6.72% of the stock is owned by hedge funds and other institutional investors.

Origin Agritech Price Performance

NASDAQ SEED opened at $6.39 on Wednesday. Origin Agritech has a 52-week low of $6.01 and a 52-week high of $12.25. The firm has a 50-day moving average price of $8.50 and a 200 day moving average price of $9.13.

Origin Agritech Company Profile

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Origin Agritech Ltd. is an agricultural biotechnology company. It engages in the business of seed research and development, which specializes in crop seed breeding and genetic improvement. The company was founded by Geng Chen Han in 1997 and is headquartered in Beijing, China.