Short Interest in 22nd Century Group, Inc. (NASDAQ:XXII) Rises By 1,933.3%

22nd Century Group, Inc. (NASDAQ:XXII) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 91,500 shares, an increase of 1,933.3% from the December 15th total of 4,500 shares. Based on an average daily trading volume, of 109,400 shares, the short-interest ratio is currently 0.8 days. Currently, 19.5% of the shares of the company are sold short.

22nd Century Group Trading Up 5.8 %

NASDAQ XXII opened at $6.35 on Wednesday. 22nd Century Group has a 1 year low of $3.90 and a 1 year high of $581.85. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.09 and a quick ratio of 0.93. The company has a market capitalization of $3.52 million, a PE ratio of -0.29 and a beta of 1.59. The company has a fifty day moving average of $9.74 and a 200 day moving average of $41.28.

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

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of 22nd Century Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 31st.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in 22nd Century Group stock. Anson Funds Management LP bought a new stake in shares of 22nd Century Group, Inc. (NASDAQ:XXII) in the 3rd quarter, according to 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 reporting period. 18.06% of the stock is owned by institutional investors and hedge funds.

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.