22nd Century Group, Inc. (NASDAQ:XXII) Short Interest Update

22nd Century Group, Inc. (NASDAQ:XXII) saw a large decline in short interest in December. As of December 15th, there was short interest totalling 4,500 shares, a decline of 98.4% from the November 30th total of 286,600 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average trading volume of 70,200 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, StockNews.com started coverage on 22nd Century Group in a report on Wednesday. They set a “hold” rating for the company.

22nd Century Group Stock Performance

22nd Century Group stock opened at $5.05 on Thursday. 22nd Century Group has a fifty-two week low of $3.90 and a fifty-two week high of $581.85. The firm’s fifty day moving average price is $11.96 and its 200-day moving average price is $49.48. The stock has a market cap of $1.73 million, a P/E ratio of -0.23 and a beta of 1.50. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.93 and a current ratio of 1.09.

22nd Century Group (NASDAQ:XXII) last posted its quarterly earnings results on Tuesday, November 12th. The biotechnology company reported ($72.90) earnings per share for the quarter. 22nd Century Group had a negative return on equity of 380.39% and a negative net margin of 144.09%. The business had revenue of $5.95 million during the quarter.

Institutional Trading of 22nd Century Group

An institutional investor recently bought a new position in 22nd Century Group stock. Anson Funds Management LP bought a new stake in shares of 22nd Century Group, Inc. (NASDAQ:XXII) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,140,452 shares of the biotechnology company’s stock, valued at approximately $691,000. Anson Funds Management LP owned approximately 6.77% of 22nd Century Group at the end of the most recent quarter. Institutional investors and hedge funds own 18.06% of the company’s stock.

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.