JX Luxventure Group Inc (NASDAQ:JXG) Shares Shorted: Short Interest Up 117.0% in October

JX Luxventure Group Inc (NASDAQ:JXG) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 2,311 shares, a growth of 117.0% from the September 30th total of 1,065 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average trading volume of 30,001 shares, the short-interest ratio is currently 0.1 days.

JX Luxventure Group Stock Up 1.4%

JXG stock traded up $0.10 during trading on Friday, reaching $7.14. 100,798 shares of the company were exchanged, compared to its average volume of 17,899. JX Luxventure Group has a 52-week low of $3.01 and a 52-week high of $12.00. The stock’s 50 day moving average price is $7.77 and its 200 day moving average price is $6.47.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of JX Luxventure Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, JX Luxventure Group currently has an average rating of “Sell”.

About JX Luxventure Group

JX Luxventure Group Limited is a China-based holding company focused on apparel, consumer products, cross-border e-commerce and related logistics services. Through its operating subsidiaries, the company sells products through online and offline channels and supports the import, export and distribution of merchandise.

The company’s product activities have included clothing, footwear, luggage and other consumer goods. JX Luxventure has also pursued business opportunities involving the distribution of international brands and the development of cross-border supply-chain and logistics capabilities, serving customers and business partners in China and international markets.

JX Luxventure was formerly known as KBS Fashion Group Limited and adopted its current name as its business strategy expanded beyond its earlier focus on children’s apparel.