JX Luxventure Group Inc (NASDAQ:JXG – Get Free Report) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 2,311 shares, an increase of 117.0% from the September 30th total of 1,065 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 30,001 shares, the days-to-cover ratio is presently 0.1 days.
JX Luxventure Group Price Performance
NASDAQ JXG traded up $0.10 during trading hours on Friday, reaching $7.14. 100,798 shares of the company’s stock were exchanged, compared to its average volume of 33,589. The company’s 50-day moving average is $7.76 and its two-hundred day moving average is $6.48. JX Luxventure Group has a one year low of $3.01 and a one year high of $12.00.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded shares of JX Luxventure Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has an average rating of “Sell”.
Read Our Latest Analysis on JX Luxventure Group
JX Luxventure Group Company Profile
JX Luxventure Group Limited is a China-based holding company focused on apparel, consumer products, cross-border e-commerce and related logistics services. Through its operating subsidiaries, the company sells products through online and offline channels and supports the import, export and distribution of merchandise.
The company’s product activities have included clothing, footwear, luggage and other consumer goods. JX Luxventure has also pursued business opportunities involving the distribution of international brands and the development of cross-border supply-chain and logistics capabilities, serving customers and business partners in China and international markets.
JX Luxventure was formerly known as KBS Fashion Group Limited and adopted its current name as its business strategy expanded beyond its earlier focus on children’s apparel.
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