JX Luxventure Group Inc (NASDAQ:JXG) Short Interest Up 198.7% in August

JX Luxventure Group Inc (NASDAQ:JXG) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 9,655 shares, a growth of 198.7% from the August 15th total of 3,232 shares. Based on an average daily trading volume, of 86,761 shares, the short-interest ratio is presently 0.1 days. Approximately 6.4% of the company’s stock are short sold.

JX Luxventure Group Price Performance

Shares of JXG opened at $8.80 on Tuesday. JX Luxventure Group has a one year low of $3.01 and a one year high of $16.20. The stock has a 50-day moving average price of $8.51 and a 200 day moving average price of $6.83.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded JX Luxventure Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

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.