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

JX Luxventure Group Inc (NASDAQ:JXGGet Free Report) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 5,741 shares, an increase of 156.0% from the May 31st total of 2,243 shares. Approximately 3.8% of the company’s shares are sold short. Based on an average daily trading volume, of 7,030 shares, the days-to-cover ratio is presently 0.8 days.

JX Luxventure Group Stock Performance

NASDAQ:JXG opened at $10.65 on Monday. The stock’s fifty day moving average is $6.79 and its two-hundred day moving average is $5.55. JX Luxventure Group has a 52 week low of $3.01 and a 52 week high of $26.70.

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

Hedge Funds Weigh In On JX Luxventure Group

A hedge fund recently bought a new stake in JX Luxventure Group stock. HRT Financial LP bought a new stake in JX Luxventure Group Inc (NASDAQ:JXGFree Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 23,213 shares of the company’s stock, valued at approximately $139,000. HRT Financial LP owned approximately 15.48% of JX Luxventure Group at the end of the most recent reporting period. 5.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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, According to MarketBeat, the stock has an average rating of “Sell”.

Read Our Latest Report on JX Luxventure Group

About JX Luxventure Group

(Get Free Report)

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.

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