22nd Century Group, Inc. (NASDAQ:XXII – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 1,110,000 shares, a growth of 446.3% from the August 31st total of 203,200 shares. Based on an average trading volume of 3,620,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 6.0% of the company’s shares are short sold.
22nd Century Group Stock Performance
Shares of NASDAQ XXII opened at $0.28 on Wednesday. 22nd Century Group has a 1 year low of $0.24 and a 1 year high of $17.06. The firm has a market cap of $5.97 million, a price-to-earnings ratio of 0.00 and a beta of 1.41. The stock’s 50-day simple moving average is $0.52 and its 200-day simple moving average is $4.57.
22nd Century Group (NASDAQ:XXII – Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The biotechnology company reported ($0.36) earnings per share for the quarter. The firm had revenue of $7.95 million during the quarter. 22nd Century Group had a negative net margin of 275.12% and a negative return on equity of 380.39%.
Institutional Trading of 22nd Century Group
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on 22nd Century Group in a research note on Friday, September 20th. They set a “sell” rating on the stock.
Read Our Latest Research Report on XXII
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.
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