22nd Century Group Inc (XXII) Short Interest Up 6.6% in September
22nd Century Group Inc (NYSE:XXII) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 2,536,502 shares, an increase of 6.6% from the September 15th total of 2,378,746 shares. Based on an average daily volume of 964,190 shares, the days-to-cover ratio is presently 2.6 days. Approximately 4.0% of the shares of the company are sold short.
An institutional investor recently raised its position in 22nd Century Group stock. Vanguard Group Inc. raised its position in shares of 22nd Century Group Inc (NYSE:XXII) by 3.9% during the second quarter, according to its most recent disclosure with the 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 1.82% of 22nd Century Group worth $1,122,000 at the end of the most recent reporting period.
A number of research analysts recently commented on XXII shares. Zacks Investment Research upgraded shares of 22nd Century Group from a “hold” rating to a “buy” rating and set a $1.25 price target on the stock in a research note on Friday, August 26th. Chardan Capital reiterated a “buy” rating and issued a $3.50 price target (down previously from $4.50) on shares of 22nd Century Group in a research note on Thursday, August 11th.
22nd Century Group (NYSE:XXII) opened at 1.28 on Friday. The company has a 50-day moving average of $1.20 and a 200-day moving average of $0.94. The firm’s market cap is $105.21 million. 22nd Century Group has a 52 week low of $0.71 and a 52 week high of $1.75.
22nd Century Group Company Profile
Receive News & Stock Ratings for 22nd Century Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 22nd Century Group Inc and related stocks with our FREE daily email newsletter.