JX Luxventure Group Inc (NASDAQ:JXG) Shares Shorted: Short Interest Down 83.5% in September

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

JX Luxventure Group Stock Performance

JXG traded down $0.14 on Friday, reaching $6.86. 12,820 shares of the stock were exchanged, compared to its average volume of 18,988. The company’s 50-day moving average price is $7.85 and its 200 day moving average price is $7.02. JX Luxventure Group has a fifty-two week low of $3.01 and a fifty-two week high of $15.75.

Wall Street Analyst Weigh In

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