Origin Agritech Limited (NASDAQ:SEED – Get Free Report) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 40,800 shares, a drop of 53.0% from the March 31st total of 86,800 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average trading volume of 310,300 shares, the short-interest ratio is currently 0.1 days.
Origin Agritech Price Performance
NASDAQ:SEED traded up $0.06 during trading hours on Friday, hitting $3.34. 24,146 shares of the company traded hands, compared to its average volume of 21,665. The firm’s 50-day simple moving average is $3.27 and its 200-day simple moving average is $2.56. Origin Agritech has a one year low of $1.37 and a one year high of $6.77.
Analyst Ratings Changes
Separately, StockNews.com started coverage on Origin Agritech in a research note on Monday, April 1st. 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.
Further Reading
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