22nd Century Group, Inc. (NASDAQ:XXII) Sees Large Growth in Short Interest

22nd Century Group, Inc. (NASDAQ:XXII) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 519,900 shares, an increase of 170.8% from the March 31st total of 192,000 shares. Currently, 12.1% of the shares of the company are short sold. Based on an average daily volume of 1,420,000 shares, the short-interest ratio is presently 0.4 days.

22nd Century Group Price Performance

22nd Century Group stock opened at $1.83 on Friday. The firm has a market cap of $6.37 million, a PE ratio of -0.01 and a beta of 1.53. 22nd Century Group has a one year low of $1.45 and a one year high of $180.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.65 and a quick ratio of 0.48. The stock’s fifty day moving average price is $24.25 and its two-hundred day moving average price is $56.11.

About 22nd Century Group

22nd Century Group, Inc, a tobacco products company, engages in the sale and distribution of its own proprietary new reduced nicotine tobacco products. The company offers reduced nicotine content tobacco plants and very low nicotine combustible cigarette products. It also provides contract manufacturing services for conventional combustible tobacco products for third-party brands.