JX Luxventure Group Inc (NASDAQ:JXG – Get Free Report) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 5,741 shares, an increase of 156.0% from the May 31st total of 2,243 shares. Based on an average trading volume of 7,030 shares, the short-interest ratio is presently 0.8 days. Currently, 3.8% of the company’s shares are short sold.
Hedge Funds Weigh In On JX Luxventure Group
A hedge fund recently bought a new stake in JX Luxventure Group stock. HRT Financial LP purchased a new position in shares of JX Luxventure Group Inc (NASDAQ:JXG – Free Report) in the fourth quarter, according to its most recent filing with the Securities and 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. Institutional investors own 5.32% of the company’s stock.
JX Luxventure Group Stock Performance
Shares of NASDAQ JXG opened at $10.65 on Monday. The company has a 50 day simple moving average of $6.79 and a 200-day simple moving average of $5.55. JX Luxventure Group has a 1 year low of $3.01 and a 1 year high of $26.70.
Analysts Set New Price Targets
Separately, Weiss Ratings raised shares of JX Luxventure Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.
Read Our Latest Research Report on JXG
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.
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