Short Interest in JX Luxventure Group Inc (NASDAQ:JXG) Decreases By 52.8%

JX Luxventure Group Inc (NASDAQ:JXG) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 5,853 shares, a decline of 52.8% from the January 29th total of 12,413 shares. Approximately 3.9% of the shares of the company are sold short. Based on an average trading volume of 3,602 shares, the short-interest ratio is currently 1.6 days. Based on an average trading volume of 3,602 shares, the short-interest ratio is currently 1.6 days. Approximately 3.9% of the shares of the company are sold short.

Institutional Trading of JX Luxventure Group

An institutional investor recently bought a new position in JX Luxventure Group stock. HRT Financial LP purchased a new stake in JX Luxventure Group Inc (NASDAQ:JXG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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.

JX Luxventure Group Stock Performance

JX Luxventure Group stock remained flat at $3.90 during midday trading on Friday. The company’s stock had a trading volume of 2,681 shares, compared to its average volume of 6,253. JX Luxventure Group has a 12 month low of $3.01 and a 12 month high of $41.70. The company’s fifty day simple moving average is $5.13 and its 200 day simple moving average is $9.12.

JX Luxventure Group (NASDAQ:JXG) last announced 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.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on JXG. Weiss Ratings restated a “sell (d)” rating on shares of JX Luxventure Group in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of 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, According to MarketBeat.com, the company presently has an average rating of “Sell”.

About JX Luxventure Group

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.