JX Luxventure Group Inc (NASDAQ:JXG) Short Interest Up 140.3% in February

JX Luxventure Group Inc (NASDAQ:JXG) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 14,063 shares, an increase of 140.3% from the February 12th total of 5,853 shares. Based on an average daily trading volume, of 4,817 shares, the short-interest ratio is currently 2.9 days. Approximately 9.4% of the company’s shares are sold short. Approximately 9.4% of the company’s shares are sold short. Based on an average daily trading volume, of 4,817 shares, the short-interest ratio is currently 2.9 days.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on JXG shares. Wall Street Zen upgraded shares of JX Luxventure Group from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of JX Luxventure Group in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

JX Luxventure Group Stock Down 8.4%

NASDAQ JXG opened at $3.71 on Friday. The firm’s fifty day moving average price is $4.22 and its two-hundred day moving average price is $8.26. JX Luxventure Group has a fifty-two week low of $3.01 and a fifty-two week high of $41.70.

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 stake in JX Luxventure Group Inc (NASDAQ:JXG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,213 shares of the company’s stock, valued at approximately $139,000. HRT Financial LP owned 15.48% of JX Luxventure Group at the end of the most recent quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

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.