JX Luxventure Group Inc (NASDAQ:JXG) Stock Short Interest Declines 83.5%

JX Luxventure Group Inc (NASDAQ:JXG) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 1,597 shares, a drop of 83.5% from the August 31st total of 9,655 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 22,250 shares, the short-interest ratio is presently 0.1 days.

JX Luxventure Group Stock Down 1.1%

Shares of JXG traded down $0.08 during mid-day trading on Friday, hitting $6.92. 23,759 shares of the company’s stock were exchanged, compared to its average volume of 18,661. JX Luxventure Group has a 52 week low of $3.01 and a 52 week high of $15.75. The stock’s 50-day simple moving average is $7.81 and its 200-day simple moving average is $7.02.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of JX Luxventure Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, JX Luxventure Group has a consensus rating of “Sell”.

About JX Luxventure Group

JX Luxventure Group Limited (NASDAQ:JXG) is a China-based holding company focused on consumer products, cross-border commerce and travel-related services. The company operates through subsidiaries involved in the design, manufacture and sale of apparel, including down jackets, outdoor clothing, casual wear and uniforms.

JX Luxventure also engages in cross-border e-commerce and supply-chain activities, connecting Chinese consumers and businesses with products sourced from international markets.