JX Luxventure Group Inc (NASDAQ:JXG – Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 2,243 shares, a drop of 71.0% from the May 14th total of 7,734 shares. Based on an average daily trading volume, of 9,695 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.5% of the shares of the stock are short sold.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings lowered shares of JX Luxventure Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.
View Our Latest Stock Analysis on JXG
JX Luxventure Group Trading Down 4.7%
JX Luxventure Group (NASDAQ:JXG – Get Free Report) last posted its quarterly earnings results on Friday, May 15th. The company reported ($11.33) earnings per share for the quarter. The firm had revenue of $28.88 million for the quarter.
Institutional Investors Weigh In On JX Luxventure Group
An institutional investor recently bought a new position in JX Luxventure Group stock. HRT Financial LP purchased a new stake in JX Luxventure Group Inc (NASDAQ:JXG – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 23,213 shares of the company’s stock, valued at approximately $139,000. HRT Financial LP owned approximately 15.48% of JX Luxventure Group at the end of the most recent quarter. 5.32% of the stock is currently owned by institutional investors.
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.
Read More
- Five stocks we like better than JX Luxventure Group
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
Receive News & Ratings for JX Luxventure Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JX Luxventure Group and related companies with MarketBeat.com's FREE daily email newsletter.
