Short Interest in JX Luxventure Group Inc (NASDAQ:JXG) Decreases By 71.0%

JX Luxventure Group Inc (NASDAQ:JXG) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 2,243 shares, a decline of 71.0% from the May 14th total of 7,734 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average trading volume of 9,695 shares, the days-to-cover ratio is presently 0.2 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 acquired a new stake in shares of JX Luxventure Group Inc (NASDAQ:JXG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 (SEC). Hedge funds and other institutional investors own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of JX Luxventure Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

JX Luxventure Group Price Performance

Shares of NASDAQ:JXG traded down $0.53 during midday trading on Thursday, reaching $8.98. The company had a trading volume of 3,694 shares, compared to its average volume of 8,693. The company’s 50 day moving average price is $5.41 and its 200 day moving average price is $5.08. JX Luxventure Group has a 52-week low of $3.01 and a 52-week high of $37.95.

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