JX Luxventure Group Inc (NASDAQ:JXG) Short Interest Update

JX Luxventure Group Inc (NASDAQ:JXG) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 13,509 shares, a decline of 19.3% from the December 31st total of 16,732 shares. Based on an average trading volume of 27,565 shares, the short-interest ratio is presently 0.5 days. Approximately 9.0% of the shares of the stock are short sold. Approximately 9.0% of the shares of the stock are short sold. Based on an average trading volume of 27,565 shares, the short-interest ratio is presently 0.5 days.

JX Luxventure Group Stock Up 1.2%

Shares of NASDAQ:JXG traded up $0.05 during trading on Monday, hitting $4.17. 10,306 shares of the company’s stock were exchanged, compared to its average volume of 21,068. The firm has a 50-day moving average price of $5.76 and a two-hundred day moving average price of $10.55. JX Luxventure Group has a 1-year low of $3.01 and a 1-year high of $45.15.

JX Luxventure Group (NASDAQ:JXG) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $12.59 million during the quarter.

Analysts Set New Price Targets

JXG has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of JX Luxventure Group in a research report on Thursday, January 22nd. Wall Street Zen raised JX Luxventure Group from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.