22nd Century Group, Inc. (NASDAQ:XXII) Sees Significant Decline in Short Interest

22nd Century Group, Inc. (NASDAQ:XXII) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 18,900 shares, a decrease of 70.8% from the March 15th total of 64,700 shares. Based on an average trading volume of 1,250,000 shares, the short-interest ratio is presently 0.0 days. Approximately 0.9% of the shares of the company are short sold.

22nd Century Group Stock Down 4.5 %

NASDAQ:XXII opened at $0.85 on Tuesday. The firm has a market capitalization of $2.01 million, a PE ratio of 0.00 and a beta of 2.03. 22nd Century Group has a 52 week low of $0.80 and a 52 week high of $265.95. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 1.59. The stock has a 50 day moving average of $2.02 and a 200-day moving average of $8.09.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (e)” rating on shares of 22nd Century Group in a report on Tuesday, April 8th. StockNews.com raised shares of 22nd Century Group from a “sell” rating to a “hold” rating in a research report on Monday, April 7th.

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.