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

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

Analysts Set New Price Targets

Several research analysts recently commented on XXII shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of 22nd Century Group in a research report on Saturday, March 22nd. StockNews.com cut 22nd Century Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 31st.

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 bought a new stake in shares of 22nd Century Group, Inc. (NASDAQ:XXII) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,140,452 shares of the biotechnology company’s stock, valued at approximately $691,000. Anson Funds Management LP owned 6.77% of 22nd Century Group at the end of the most recent reporting period. Institutional investors and hedge funds own 18.06% of the company’s stock.

22nd Century Group Trading Up 4.9 %

XXII stock opened at $1.51 on Friday. 22nd Century Group has a twelve month low of $1.32 and a twelve month high of $581.85. The stock has a market capitalization of $2.59 million, a price-to-earnings ratio of 0.00 and a beta of 1.67. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 1.59. The firm’s fifty day simple moving average is $2.93 and its two-hundred day simple moving average is $11.60.

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.