22nd Century Group Inc (XXII) Short Interest Up 14.3% in October
22nd Century Group Inc (NYSE:XXII) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 3,572,483 shares, an increase of 14.3% from the October 14th total of 3,125,609 shares. Currently, 5.6% of the shares of the stock are sold short. Based on an average trading volume of 1,103,366 shares, the days-to-cover ratio is currently 3.2 days.
In related news, VP Michael Robert Moynihan sold 100,000 shares of the company’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $1.28, for a total transaction of $128,000.00. Following the completion of the transaction, the vice president now owns 888,934 shares in the company, valued at $1,137,835.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
A number of institutional investors have recently made changes to their positions in XXII. National Asset Management Inc. raised its position in shares of 22nd Century Group by 82.8% in the third quarter. National Asset Management Inc. now owns 145,700 shares of the company’s stock valued at $197,000 after buying an additional 66,000 shares in the last quarter. Northern Trust Corp increased its stake in 22nd Century Group by 31.3% in the third quarter. Northern Trust Corp now owns 83,678 shares of the company’s stock valued at $121,000 after buying an additional 19,970 shares during the last quarter. FNY Managed Accounts LLC increased its stake in 22nd Century Group by 68.2% in the third quarter. FNY Managed Accounts LLC now owns 175,403 shares of the company’s stock valued at $254,000 after buying an additional 71,100 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in 22nd Century Group by 3.9% in the second quarter. Vanguard Group Inc. now owns 1,381,191 shares of the company’s stock valued at $1,122,000 after buying an additional 52,339 shares during the last quarter.
Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of 22nd Century Group from a “hold” rating to a “buy” rating and set a $1.25 price objective for the company in a research report on Friday, August 26th. Chardan Capital reiterated a “buy” rating and set a $3.50 price objective (down previously from $4.50) on shares of 22nd Century Group in a research report on Thursday, August 11th.
22nd Century Group (NYSE:XXII) opened at 1.19 on Wednesday. 22nd Century Group has a 52-week low of $0.71 and a 52-week high of $1.71. The company’s market cap is $107.93 million. The firm’s 50-day moving average is $1.30 and its 200 day moving average is $1.01.
About 22nd Century Group
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