Origin Agritech (NASDAQ:SEED) Shares Cross Above 200-Day Moving Average of $6.21

Origin Agritech Ltd. (NASDAQ:SEED) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.21 and traded as high as $6.50. Origin Agritech shares last traded at $6.46, with a volume of 217 shares trading hands.

The firm’s 50 day simple moving average is $5.46 and its 200-day simple moving average is $6.21.

A hedge fund recently raised its stake in Origin Agritech stock. Jane Street Group LLC lifted its position in Origin Agritech Ltd. (NASDAQ:SEED) by 64.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,836 shares of the biotechnology company’s stock after purchasing an additional 7,415 shares during the quarter. Jane Street Group LLC owned approximately 0.81% of Origin Agritech worth $115,000 at the end of the most recent quarter. Institutional investors own 1.36% of the company’s stock.

About Origin Agritech (NASDAQ:SEED)

Origin Agritech Limited, an agricultural biotechnology company, engages in crop seed breeding and genetic improvement activities in the People's Republic of China. The company is involved in the research and development, production, sale, and marketing of hybrid crop seeds; and provision of related technical services.

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