22nd Century Group Inc (NYSE:XXII) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 7,500,903 shares, a growth of 20.5% from the August 31st total of 6,226,321 shares. Based on an average daily trading volume, of 4,463,430 shares, the short-interest ratio is presently 1.7 days. Approximately 8.8% of the company’s stock are sold short.

In other 22nd Century Group news, VP Michael Robert Moynihan sold 29,532 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $2.00, for a total value of $59,064.00. Following the completion of the transaction, the vice president now owns 917,220 shares of the company’s stock, valued at approximately $1,834,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hedge funds have recently made changes to their positions in the company. National Asset Management Inc. boosted its stake in shares of 22nd Century Group by 13.7% in the first quarter. National Asset Management Inc. now owns 172,000 shares of the biotechnology company’s stock valued at $204,000 after purchasing an additional 20,700 shares during the period. Virtu KCG Holdings LLC boosted its stake in shares of 22nd Century Group by 300.9% in the second quarter. Virtu KCG Holdings LLC now owns 126,106 shares of the biotechnology company’s stock valued at $221,000 after purchasing an additional 94,650 shares during the period. Vanguard Group Inc. boosted its stake in shares of 22nd Century Group by 17.6% in the second quarter. Vanguard Group Inc. now owns 2,894,322 shares of the biotechnology company’s stock valued at $5,065,000 after purchasing an additional 432,450 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of 22nd Century Group by 22.3% in the second quarter. Northern Trust Corp now owns 133,797 shares of the biotechnology company’s stock valued at $234,000 after purchasing an additional 24,401 shares during the period.

Shares of 22nd Century Group (XXII) opened at 2.77 on Friday. 22nd Century Group has a 52-week low of $0.81 and a 52-week high of $3.34. The stock’s 50 day moving average is $2.35 and its 200 day moving average is $1.66. The stock’s market capitalization is $284.65 million.

Separately, Zacks Investment Research raised shares of 22nd Century Group from a “sell” rating to a “buy” rating and set a $2.00 price objective for the company in a research report on Saturday, July 1st.

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About 22nd Century Group

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