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

JX Luxventure Group Inc (NASDAQ:JXG) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 14,063 shares, an increase of 140.3% from the February 12th total of 5,853 shares. Based on an average daily trading volume, of 4,817 shares, the short-interest ratio is presently 2.9 days. Approximately 9.4% of the shares of the stock are short sold. Approximately 9.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,817 shares, the short-interest ratio is presently 2.9 days.

JX Luxventure Group Stock Down 8.4%

NASDAQ JXG traded down $0.34 on Friday, reaching $3.71. 5,264 shares of the company’s stock traded hands, compared to its average volume of 3,736. JX Luxventure Group has a 12 month low of $3.01 and a 12 month high of $41.70. The stock has a 50-day simple moving average of $4.22 and a 200 day simple moving average of $8.26.

Hedge Funds Weigh In On JX Luxventure Group

A hedge fund recently bought a new stake in JX Luxventure Group stock. HRT Financial LP purchased a new position in JX Luxventure Group Inc (NASDAQ:JXG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,213 shares of the company’s stock, valued at approximately $139,000. HRT Financial LP owned about 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.

Wall Street Analyst Weigh In

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