22nd Century Group Sees Large Drop in Short Interest (XXII)
Shares of 22nd Century Group (NYSE:XXII) saw a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 2,600,131 shares, a decline of 3.7% from the July 31st total of 2,700,804 shares, AmericanBankingNews.com reports. Currently, 6.9% of the shares of the company are short sold. Based on an average trading volume of 291,853 shares, the short-interest ratio is currently 8.9 days.
Shares of 22nd Century Group (NYSE:XXII) opened at 2.69 on Thursday. 22nd Century Group has a 1-year low of $0.87 and a 1-year high of $6.36. The stock’s 50-day moving average is $2.75 and its 200-day moving average is $3.15. The company’s market cap is $158.0 million.
22nd Century Group, Inc (NYSE:XXII) through its subsidiary, 22nd Century Limited, LLC (22nd Century Ltd), which is a plant biotechnology company.
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