JX Luxventure Group Inc (NASDAQ:JXG – Get Free Report) was the recipient of 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 trading volume, of 30,001 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.5% of the shares of the company are short sold.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded JX Luxventure Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, JX Luxventure Group has a consensus rating of “Sell”.
View Our Latest Stock Analysis on JXG
JX Luxventure Group Price Performance
Shares of NASDAQ JXG traded up $0.10 during mid-day trading on Friday, hitting $7.14. 100,798 shares of the company were exchanged, compared to its average volume of 33,589. JX Luxventure Group has a 1-year low of $3.01 and a 1-year high of $12.00. The stock has a 50 day simple moving average of $7.76 and a 200-day simple moving average of $6.48.
JX Luxventure Group Company Profile
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.
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