JX Luxventure Group Inc (NASDAQ:JXG) Sees Significant Decline in Short Interest

JX Luxventure Group Inc (NASDAQ:JXGGet Free Report) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 2,926 shares, a decrease of 43.4% from the July 15th total of 5,168 shares. Based on an average daily trading volume, of 2,912 shares, the short-interest ratio is presently 1.0 days. Approximately 2.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On JX Luxventure Group

A hedge fund recently bought a new position in JX Luxventure Group stock. HRT Financial LP purchased a new position in JX Luxventure Group Inc (NASDAQ:JXGFree Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm 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. 5.32% of the stock is owned by institutional investors.

JX Luxventure Group Trading Up 8.8%

Shares of JXG stock opened at $7.62 on Wednesday. JX Luxventure Group has a 12 month low of $3.01 and a 12 month high of $16.35. The stock has a 50-day moving average price of $9.02 and a 200 day moving average price of $6.20.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of JX Luxventure Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Read Our Latest Research Report on JX Luxventure Group

JX Luxventure Group Company Profile

(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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