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

22nd Century Group, Inc. (NASDAQ:XXII) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 91,500 shares, a growth of 1,933.3% from the December 15th total of 4,500 shares. Based on an average daily volume of 109,400 shares, the days-to-cover ratio is currently 0.8 days. Approximately 19.5% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of 22nd Century Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 31st.

22nd Century Group Price Performance

NASDAQ XXII opened at $6.35 on Wednesday. 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 firm has a market capitalization of $3.52 million, a P/E ratio of -0.29 and a beta of 1.59. 22nd Century Group has a 12-month low of $3.90 and a 12-month high of $581.85. The firm’s fifty day simple moving average is $9.74 and its two-hundred day simple moving average is $41.28.

22nd Century Group (NASDAQ:XXII) last announced its earnings results on Tuesday, November 12th. The biotechnology company reported ($72.90) earnings per share (EPS) for the quarter. The business had revenue of $5.95 million for the quarter. 22nd Century Group had a negative net margin of 144.09% and a negative return on equity of 380.39%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in 22nd Century Group stock. Anson Funds Management LP bought a new position in 22nd Century Group, Inc. (NASDAQ:XXII) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 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 at the end of the most recent reporting period. 18.06% of the stock is currently owned by institutional investors and hedge funds.

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.