Short Interest in Origin Agritech Limited (NASDAQ:SEED) Declines By 49.5%

Origin Agritech Limited (NASDAQ:SEEDGet Rating) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 213,500 shares, a drop of 49.5% from the March 15th total of 422,700 shares. Based on an average trading volume of 647,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 5.0% of the shares of the company are short sold.

Shares of SEED stock opened at $8.23 on Friday. The stock has a 50 day moving average of $7.79 and a 200 day moving average of $7.97. Origin Agritech has a twelve month low of $4.21 and a twelve month high of $16.82.

A number of hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP purchased a new position in Origin Agritech during the fourth quarter valued at approximately $49,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Origin Agritech in the third quarter valued at approximately $85,000. Geode Capital Management LLC purchased a new stake in shares of Origin Agritech in the third quarter valued at approximately $94,000. Susquehanna International Group LLP purchased a new stake in shares of Origin Agritech in the fourth quarter valued at approximately $83,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Origin Agritech by 38.0% in the third quarter. The Manufacturers Life Insurance Company now owns 59,737 shares of the biotechnology company’s stock valued at $489,000 after buying an additional 16,447 shares in the last quarter. Institutional investors own 5.23% of the company’s stock.

About Origin Agritech (Get Rating)

Origin Agritech Limited, together with its subsidiaries, operates an agricultural biotechnology and an e-commerce platform in the People's Republic of China. The company engages in crop seed breeding and genetic improvement activities. It develops, produces, and distributes hybrid crop seeds, as well as develops hybrid seed technology.

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