22nd Century Group Inc (NYSE:XXII) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 2,536,502 shares, a growth of 6.6% from the September 15th total of 2,378,746 shares. Based on an average daily trading volume, of 964,190 shares, the days-to-cover ratio is currently 2.6 days. Approximately 4.0% of the company’s stock are short sold.
A number of research analysts have recently issued reports on the stock. Chardan Capital reiterated a “buy” rating and set a $3.50 price objective (down from $4.50) on shares of 22nd Century Group in a report on Thursday, August 11th. Zacks Investment Research upgraded shares of 22nd Century Group from a “sell” rating to a “hold” rating in a report on Thursday, June 30th.
22nd Century Group (NYSE:XXII) opened at 1.28 on Friday. The firm’s market capitalization is $105.21 million. 22nd Century Group has a one year low of $0.71 and a one year high of $1.75. The stock’s 50 day moving average is $1.20 and its 200-day moving average is $0.94.
A hedge fund recently raised its stake in 22nd Century Group stock. Vanguard Group Inc. boosted its position in shares of 22nd Century Group Inc (NYSE:XXII) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,381,191 shares of the company’s stock after buying an additional 52,339 shares during the period. Vanguard Group Inc. owned approximately 1.82% of 22nd Century Group worth $1,122,000 at the end of the most recent quarter.
About 22nd Century Group
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