22nd Century Group, Inc. (NASDAQ:XXII – Get Free Report) saw a large increase in short interest in June. As of June 15th, there was short interest totalling 307,300 shares, an increase of 40.8% from the May 31st total of 218,300 shares. Currently, 4.2% of the company’s stock are sold short. Based on an average daily volume of 1,660,000 shares, the short-interest ratio is presently 0.2 days.
22nd Century Group Stock Performance
XXII stock opened at $0.75 on Friday. The stock’s 50 day moving average is $1.19 and its 200-day moving average is $23.85. 22nd Century Group has a twelve month low of $0.58 and a twelve month high of $110.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.43 and a current ratio of 0.54.
22nd Century Group (NASDAQ:XXII – Get Free Report) last issued its quarterly earnings data on Thursday, March 28th. The biotechnology company reported ($10.56) earnings per share for the quarter. 22nd Century Group had a negative net margin of 233.06% and a negative return on equity of 380.39%. The company had revenue of $7.36 million for the quarter.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of 22nd Century Group to a “sell” rating in a report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $100.00.
Get Our Latest Analysis on XXII
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.
Further Reading
- Five stocks we like better than 22nd Century Group
- What is Short Interest? How to Use It
- Qualcomm Stock: AI-Powered Growth Despite Volatility
- Investing in Construction Stocks
- Salesforce Stock: Meeting Recap, AI Focus, and Forecast
- Stock Analyst Ratings and Canadian Analyst Ratings
- Is CAVA Overextended? A Closer Look at This High-Flying Stock
Receive News & Ratings for 22nd Century Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 22nd Century Group and related companies with MarketBeat.com's FREE daily email newsletter.