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 drop in short interest in February. As of February 13th, there was short interest totaling 5,853 shares, a drop of 52.8% from the January 29th total of 12,413 shares. Based on an average trading volume of 3,602 shares, the days-to-cover ratio is currently 1.6 days. Currently, 3.9% of the shares of the stock are short sold. Currently, 3.9% of the shares of the stock are short sold. Based on an average trading volume of 3,602 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On JX Luxventure Group

An institutional investor recently bought a new position in JX Luxventure Group stock. HRT Financial LP purchased a new position in shares of JX Luxventure Group Inc (NASDAQ:JXG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 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 SEC filing. 5.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wall Street Zen upgraded 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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

JX Luxventure Group Stock Performance

JXG remained flat at $3.90 during 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 52 week low of $3.01 and a 52 week high of $41.70. The business has a fifty day simple moving average of $5.13 and a 200 day simple moving average of $9.12.

JX Luxventure Group (NASDAQ:JXG) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.16 EPS for the quarter. The business had revenue of $12.59 million during the quarter.

JX Luxventure Group Company Profile

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.