22nd Century Group, Inc. (NASDAQ:XXII) Short Interest Up 40.7% in February

22nd Century Group, Inc. (NASDAQ:XXII) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 223,500 shares, an increase of 40.7% from the February 13th total of 158,900 shares. Based on an average daily trading volume, of 886,300 shares, the days-to-cover ratio is currently 0.3 days. Currently, 18.5% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of brokerages have issued reports on XXII. StockNews.com lowered 22nd Century Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 31st. Weiss Ratings reiterated a “sell (e)” rating on shares of 22nd Century Group in a research report on Friday, March 7th.

22nd Century Group Price Performance

XXII stock opened at $1.72 on Monday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.93 and a current ratio of 1.09. The company’s fifty day moving average price is $3.87 and its 200-day moving average price is $13.94. 22nd Century Group has a one year low of $1.68 and a one year high of $581.85. The company has a market capitalization of $2.95 million, a PE ratio of 0.00 and a beta of 1.67.

Institutional Trading of 22nd Century Group

A hedge fund recently bought a new stake in 22nd Century Group stock. Anson Funds Management LP acquired a new position in 22nd Century Group, Inc. (NASDAQ:XXII) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,140,452 shares of the biotechnology company’s stock, valued at approximately $691,000. Anson Funds Management LP owned approximately 6.77% of 22nd Century Group as of its most recent SEC filing. Institutional investors own 18.06% of the company’s stock.

22nd Century Group Company Profile

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.