22nd Century Group Inc (XXII) Sees Significant Increase in Short Interest
22nd Century Group Inc (NYSE:XXII) saw a significant increase in short interest in September. As of September 15th, there was short interest totalling 2,378,746 shares, an increase of 3.1% from the August 31st total of 2,306,399 shares. Based on an average trading volume of 470,649 shares, the short-interest ratio is currently 5.1 days. Currently, 3.7% of the shares of the company are sold short.
An institutional investor recently raised its position in 22nd Century Group stock. Vanguard Group Inc. boosted its stake in shares of 22nd Century Group Inc (NYSE:XXII) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,381,191 shares of the company’s stock after buying an additional 52,339 shares during the period. Vanguard Group Inc. owned 1.82% of 22nd Century Group worth $1,122,000 at the end of the most recent reporting period.
22nd Century Group (NYSE:XXII) remained flat at $1.16 during trading on Monday. 252,624 shares of the company were exchanged. The company has a 50-day moving average of $1.06 and a 200 day moving average of $0.88. The company’s market capitalization is $95.35 million. 22nd Century Group has a 52-week low of $0.71 and a 52-week high of $1.75.
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Several equities analysts have recently issued reports on the company. Zacks Investment Research raised 22nd Century Group from a “hold” rating to a “buy” rating and set a $1.25 target price for the company in a report on Friday, August 26th. Chardan Capital reiterated a “buy” rating and issued a $3.50 price objective (down previously from $4.50) on shares of 22nd Century Group in a research note on Thursday, August 11th.
22nd Century Group Company Profile
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