Short Interest in JX Luxventure Group Inc (NASDAQ:JXG) Decreases By 29.0%

JX Luxventure Group Inc (NASDAQ:JXG) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 9,990 shares, a drop of 29.0% from the February 26th total of 14,063 shares. Currently, 6.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,721 shares, the short-interest ratio is currently 3.7 days.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wall Street Zen raised shares of JX Luxventure Group from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Weiss Ratings restated a “sell (d)” rating on shares of JX Luxventure Group in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, JX Luxventure Group currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On JX Luxventure Group

An institutional investor recently bought a new position in JX Luxventure Group stock. HRT Financial LP bought a new stake in JX Luxventure Group Inc (NASDAQ:JXG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 23,213 shares of the company’s stock, valued at approximately $139,000. HRT Financial LP owned 15.48% of JX Luxventure Group as of its most recent SEC filing. Hedge funds and other institutional investors own 5.32% of the company’s stock.

JX Luxventure Group Stock Down 2.6%

Shares of JXG traded down $0.10 during midday trading on Friday, reaching $3.68. The company had a trading volume of 6,571 shares, compared to its average volume of 2,639. JX Luxventure Group has a 1-year low of $3.01 and a 1-year high of $41.70. The firm has a 50 day simple moving average of $3.95 and a 200-day simple moving average of $7.45.

JX Luxventure Group Company Profile

JX Luxventure Group Inc is a special purpose acquisition company incorporated in Delaware. As a blank check entity, it has no commercial operations of its own and was established to raise capital through an initial public offering for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

The company’s sponsors and management team bring experience in financial services, corporate finance and mergers and acquisitions.