22nd Century Group, Inc. (NASDAQ:XXII) Short Interest Up 170.8% in April

22nd Century Group, Inc. (NASDAQ:XXII) was the target of a significant increase in short interest in the month of 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. Based on an average daily volume of 1,420,000 shares, the short-interest ratio is currently 0.4 days. Approximately 12.1% of the company’s shares are sold short.

22nd Century Group Price Performance

Shares of NASDAQ:XXII opened at $1.73 on Friday. The company has a market cap of $6.02 million, a P/E ratio of -0.01 and a beta of 1.53. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 0.01. 22nd Century Group has a 52 week low of $1.45 and a 52 week high of $180.91. The business has a fifty day simple moving average of $23.48 and a 200-day simple moving average of $55.73.

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.