According to the Appalachian League's transactions page, Ariel Ovando has been demoted.
Ovando, who signed as an international free agent for a then-record bonus of $2.5m, Ovando has struggled in his pro career. Debuting as a 17-year old in Greeneville in 2011, Ovando hit .235/.283/.365 with 51K:12BB in 184 PAs. He enjoyed a nice bounce-back year in 2012, hitting .287/.350/.444 with 21 extra-base hits in 59 games, 67K:22BB but has bottomed-out in 2013. In 49 games for Quad Cities, Ovando hit .172/.250/.219 with 57 strikeouts in 189 PAs. In two games for Greeneville, he's 0x6 with 3K.
Ovando is still young - he has only played in 154 professional games - and is 19 years old. The average hitter in the Midwest League is 21.3 years old, so it's not time to tear clothes or anything like that.