22nd Century Group Inc (NYSE:XXII) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 2,536,502 shares, an increase of 6.6% from the September 15th total of 2,378,746 shares. Currently, 4.0% of the shares of the stock are short sold. Based on an average trading volume of 964,190 shares, the short-interest ratio is currently 2.6 days.

A hedge fund recently raised its stake in 22nd Century Group stock. Vanguard Group Inc. raised its stake in 22nd Century Group Inc (NYSE:XXII) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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.

Shares of 22nd Century Group (NYSE:XXII) traded down 2.82% during trading on Tuesday, reaching $1.38. 815,046 shares of the company traded hands. 22nd Century Group has a 12-month low of $0.71 and a 12-month high of $1.75. The firm’s 50-day moving average is $1.18 and its 200-day moving average is $0.93. The stock’s market capitalization is $113.43 million.

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Several equities analysts recently commented on XXII shares. Chardan Capital reissued 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. Zacks Investment Research raised shares of 22nd Century Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 21st.

About 22nd Century Group

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