22nd Century Group Inc (XXII) Short Interest Up 31.8% in October
22nd Century Group Inc (NYSE:XXII) was the recipient of a large increase in short interest during the month of October. As of October 13th, there was short interest totalling 9,966,801 shares, an increase of 31.8% from the September 29th total of 7,563,163 shares. Currently, 11.6% of the company’s shares are short sold. Based on an average trading volume of 5,403,849 shares, the short-interest ratio is presently 1.8 days.
22nd Century Group (NYSE:XXII) traded down 5.76% during mid-day trading on Tuesday, reaching $2.62. 3,368,793 shares of the company were exchanged. The company has a 50 day moving average of $2.80 and a 200-day moving average of $1.97. 22nd Century Group has a 1-year low of $0.81 and a 1-year high of $3.50. The company’s market capitalization is $269.23 million.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of 22nd Century Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Chardan Capital increased their price objective on shares of 22nd Century Group from $3.50 to $11.50 and gave the stock a “buy” rating in a research report on Monday, October 16th.
In related news, VP Michael Robert Moynihan sold 29,532 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $2.00, for a total value of $59,064.00. Following the completion of the transaction, the vice president now owns 917,220 shares of the company’s stock, valued at approximately $1,834,440. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
A number of large investors have recently bought and sold shares of the business. Northern Trust Corp boosted its holdings in 22nd Century Group by 22.3% in the 2nd quarter. Northern Trust Corp now owns 133,797 shares of the biotechnology company’s stock valued at $234,000 after purchasing an additional 24,401 shares during the last quarter. Virtu KCG Holdings LLC lifted its holdings in shares of 22nd Century Group by 300.9% in the 2nd quarter. Virtu KCG Holdings LLC now owns 126,106 shares of the biotechnology company’s stock worth $221,000 after acquiring an additional 94,650 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of 22nd Century Group by 17.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,894,322 shares of the biotechnology company’s stock worth $5,065,000 after acquiring an additional 432,450 shares during the last quarter.
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22nd Century Group Company Profile
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