22nd Century Group, Inc. (NASDAQ:XXII – Get Free Report) saw a large growth in short interest in October. As of October 15th, there was short interest totalling 651,300 shares, a growth of 195.8% from the September 30th total of 220,200 shares. Based on an average daily trading volume, of 6,180,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.8% of the company’s shares are sold short.
22nd Century Group Stock Up 5.1 %
XXII opened at $0.11 on Friday. The stock’s fifty day moving average is $0.27 and its two-hundred day moving average is $0.78. The company has a market capitalization of $932,850.00, a P/E ratio of 0.00 and a beta of 1.39. 22nd Century Group has a 52 week low of $0.09 and a 52 week high of $8.63.
22nd Century Group (NASDAQ:XXII – Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The biotechnology company reported ($0.36) EPS for the quarter. 22nd Century Group had a negative net margin of 275.12% and a negative return on equity of 380.39%. The firm had revenue of $7.95 million for the quarter.
Institutional Investors Weigh In On 22nd Century Group
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on shares of 22nd Century Group in a research note on Saturday. They issued a “sell” rating on the stock.
Get Our Latest Stock Report on 22nd Century Group
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.
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