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

JX Luxventure Group Inc (NASDAQ:JXG) was the recipient of a large 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 shares of the company are sold short. Based on an average daily volume of 7,030 shares, the short-interest ratio is presently 0.8 days.

JX Luxventure Group Stock Up 2.3%

JXG traded up $0.25 on Tuesday, hitting $10.96. 3,383 shares of the company traded hands, compared to its average volume of 8,309. The company has a 50 day moving average of $6.92 and a 200-day moving average of $5.56. JX Luxventure Group has a 12-month low of $3.01 and a 12-month high of $25.51.

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

Hedge Funds Weigh In On JX Luxventure Group

An institutional investor recently bought a new stake in JX Luxventure Group stock. HRT Financial LP acquired a new stake in JX Luxventure Group Inc (NASDAQ:JXG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 23,213 shares of the company’s stock, valued at approximately $139,000. HRT Financial LP owned 15.48% of JX Luxventure Group as of its most recent filing with the Securities and Exchange Commission. 5.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings raised 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.com, the stock 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.