22nd Century Group, Inc. (NASDAQ:XXII – Get Free Report) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 651,300 shares, a growth of 195.8% from the September 30th total of 220,200 shares. Based on an average trading volume of 6,180,000 shares, the short-interest ratio is currently 0.1 days. Approximately 1.8% of the company’s shares are short sold.
22nd Century Group Stock Up 5.1 %
Shares of NASDAQ XXII opened at $0.11 on Monday. 22nd Century Group has a 52-week low of $0.09 and a 52-week high of $8.63. The firm has a fifty day moving average of $0.27 and a 200-day moving average of $0.77. The stock has a market capitalization of $932,850.00, a PE ratio of 0.00 and a beta of 1.39.
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 (EPS) for the quarter. The company had revenue of $7.95 million for the quarter. 22nd Century Group had a negative net margin of 275.12% and a negative return on equity of 380.39%.
Hedge Funds Weigh In On 22nd Century Group
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on shares of 22nd Century Group in a research note on Saturday. They issued a “sell” rating for the company.
Read Our Latest Stock Report on XXII
22nd Century Group Company Profile
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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