22nd Century Group Inc (NYSE:XXII) Short Interest Up 5.6% in July
22nd Century Group Inc (NYSE:XXII) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 4,270,676 shares, an increase of 5.6% from the July 14th total of 4,043,690 shares. Based on an average daily trading volume, of 2,370,691 shares, the short-interest ratio is presently 1.8 days. Approximately 5.8% of the shares of the stock are short sold.
In other news, VP Michael Robert Moynihan sold 29,532 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $2.00, for a total transaction of $59,064.00. Following the transaction, the vice president now directly owns 917,220 shares in the company, valued at $1,834,440. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
A hedge fund recently raised its stake in 22nd Century Group stock. National Asset Management Inc. raised its position in shares of 22nd Century Group Inc (NYSE:XXII) by 13.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,000 shares of the biotechnology company’s stock after buying an additional 20,700 shares during the period. National Asset Management Inc. owned about 0.19% of 22nd Century Group worth $204,000 as of its most recent filing with the SEC.
Shares of 22nd Century Group (XXII) traded down 6.28% during midday trading on Wednesday, reaching $2.24. 5,013,562 shares of the company’s stock traded hands. The stock’s market cap is $203.60 million. 22nd Century Group has a 52-week low of $0.81 and a 52-week high of $2.54. The stock has a 50-day moving average price of $1.72 and a 200-day moving average price of $1.33.
Separately, Zacks Investment Research raised shares of 22nd Century Group from a “sell” rating to a “buy” rating and set a $2.00 price target for the company in a research note on Saturday, July 1st.
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22nd Century Group Company Profile
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