JX Luxventure Group Inc (NASDAQ:JXG) Stock Short Interest Jumps 117.0%

JX Luxventure Group Inc (NASDAQ:JXG) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 2,311 shares, an increase of 117.0% from the September 30th total of 1,065 shares. Based on an average daily volume of 30,001 shares, the short-interest ratio is currently 0.1 days. Currently, 1.5% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

JX Luxventure Group Trading Up 1.4%

JXG traded up $0.10 during midday trading on Friday, hitting $7.14. The company had a trading volume of 100,798 shares, compared to its average volume of 17,899. JX Luxventure Group has a twelve month low of $3.01 and a twelve month high of $12.00. The firm’s 50-day simple moving average is $7.77 and its 200-day simple moving average is $6.47.

About JX Luxventure Group

JX Luxventure Group Limited is a China-based holding company focused on apparel, consumer products, cross-border e-commerce and related logistics services. Through its operating subsidiaries, the company sells products through online and offline channels and supports the import, export and distribution of merchandise.

The company’s product activities have included clothing, footwear, luggage and other consumer goods. JX Luxventure has also pursued business opportunities involving the distribution of international brands and the development of cross-border supply-chain and logistics capabilities, serving customers and business partners in China and international markets.

JX Luxventure was formerly known as KBS Fashion Group Limited and adopted its current name as its business strategy expanded beyond its earlier focus on children’s apparel.