22nd Century Group, Inc. (NASDAQ:XXII) Short Interest Update

22nd Century Group, Inc. (NASDAQ:XXII) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 64,700 shares, a decline of 71.1% from the February 28th total of 223,500 shares. Currently, 4.4% of the shares of the company are short sold. Based on an average daily trading volume, of 875,400 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on XXII shares. StockNews.com lowered 22nd Century Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 31st. Weiss Ratings reissued a “sell (e+)” rating on shares of 22nd Century Group in a report on Saturday, March 22nd.

22nd Century Group Price Performance

Shares of NASDAQ XXII opened at $1.61 on Thursday. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.09 and a quick ratio of 0.93. 22nd Century Group has a fifty-two week low of $1.58 and a fifty-two week high of $581.85. The stock has a market capitalization of $2.76 million, a PE ratio of 0.00 and a beta of 1.67. The business has a fifty day moving average price of $3.09 and a two-hundred day moving average price of $11.97.

Hedge Funds Weigh In On 22nd Century Group

A hedge fund recently bought a new stake in 22nd Century Group stock. Anson Funds Management LP acquired a new stake in 22nd Century Group, Inc. (NASDAQ:XXII) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,140,452 shares of the biotechnology company’s stock, valued at approximately $691,000. Anson Funds Management LP owned about 6.77% of 22nd Century Group as of its most recent filing with the SEC. Institutional investors own 18.06% of the company’s stock.

About 22nd Century Group

22nd Century Group, Inc, a tobacco products company, engages in the sale and distribution of its own proprietary new reduced nicotine tobacco products. The company offers reduced nicotine content tobacco plants and very low nicotine combustible cigarette products. It also provides contract manufacturing services for conventional combustible tobacco products for third-party brands.