JX Luxventure Group Inc (NASDAQ:JXG) Sees Large Drop in Short Interest

JX Luxventure Group Inc (NASDAQ:JXG) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 2,926 shares, a decline of 43.4% from the July 15th total of 5,168 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average daily volume of 2,912 shares, the days-to-cover ratio is currently 1.0 days.

JX Luxventure Group Stock Performance

JXG stock traded down $0.09 during mid-day trading on Tuesday, reaching $7.01. 2,658 shares of the company’s stock were exchanged, compared to its average volume of 7,399. The stock’s 50 day moving average is $9.06 and its 200 day moving average is $6.18. JX Luxventure Group has a 12-month low of $3.01 and a 12-month high of $16.50.

JX Luxventure Group (NASDAQ:JXG) last posted its quarterly earnings data on Friday, May 15th. The company reported ($11.33) EPS for the quarter. The firm had revenue of $28.88 million during the quarter.

Institutional Investors Weigh In On JX Luxventure Group

A hedge fund recently bought a new position in JX Luxventure Group stock. HRT Financial LP acquired a new stake in shares of JX Luxventure Group Inc (NASDAQ:JXG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 23,213 shares of the company’s stock, valued at approximately $139,000. HRT Financial LP owned approximately 15.48% of JX Luxventure Group as of its most recent SEC filing. Institutional investors and hedge funds own 5.32% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of JX Luxventure Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average 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.