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

JX Luxventure Group Inc (NASDAQ:JXG) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 9,655 shares, an increase of 198.7% from the August 15th total of 3,232 shares. Currently, 6.4% of the company’s shares are sold short. Based on an average daily volume of 86,761 shares, the short-interest ratio is presently 0.1 days.

JX Luxventure Group Trading Down 1.7%

JXG stock traded down $0.15 during trading on Monday, hitting $8.80. The company had a trading volume of 6,091 shares, compared to its average volume of 59,582. JX Luxventure Group has a 52-week low of $3.01 and a 52-week high of $16.20. The company has a 50 day simple moving average of $8.51 and a 200-day simple moving average of $6.83.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised JX Luxventure Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company 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.