Short Interest in JX Luxventure Group Inc (NASDAQ:JXG) Drops By 79.7%

JX Luxventure Group Inc (NASDAQ:JXG) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 16,732 shares, a decline of 79.7% from the December 15th total of 82,318 shares. Approximately 11.2% of the shares of the stock are sold short. Based on an average daily volume of 50,581 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 50,581 shares, the days-to-cover ratio is presently 0.3 days. Approximately 11.2% of the shares of the stock are sold short.

JX Luxventure Group Stock Performance

NASDAQ:JXG traded down $0.23 during midday trading on Thursday, hitting $4.47. 10,144 shares of the company traded hands, compared to its average volume of 27,730. The firm’s fifty day moving average is $6.50 and its 200-day moving average is $11.99. JX Luxventure Group has a 12-month low of $3.01 and a 12-month high of $49.95.

JX Luxventure Group (NASDAQ:JXG) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.16 earnings per share for the quarter. The firm had revenue of $12.59 million for the quarter.

Analyst Ratings Changes

A number of equities analysts recently commented on JXG shares. Weiss Ratings reissued a “sell (d)” rating on shares of JX Luxventure Group in a research note on Wednesday, October 8th. Wall Street Zen raised shares of JX Luxventure Group from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, JX Luxventure Group has a consensus rating of “Sell”.

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.