JX Luxventure Limited (NASDAQ:JXJT) Sees Significant Growth in Short Interest

JX Luxventure Limited (NASDAQ:JXJT) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 139,600 shares, an increase of 11.4% from the October 15th total of 125,300 shares. Currently, 2.5% of the company’s shares are sold short. Based on an average daily trading volume, of 110,600 shares, the short-interest ratio is currently 1.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in JX Luxventure stock. Renaissance Technologies LLC acquired a new position in shares of JX Luxventure Limited (NASDAQ:JXJT) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 131,201 shares of the company’s stock, valued at approximately $67,000. Renaissance Technologies LLC owned 22.24% of JX Luxventure as of its most recent SEC filing. Institutional investors and hedge funds own 2.18% of the company’s stock.

JX Luxventure Price Performance

Shares of JXJT traded up $0.04 during mid-day trading on Friday, reaching $1.37. 827 shares of the company were exchanged, compared to its average volume of 76,350. The business has a 50 day simple moving average of $1.26 and a two-hundred day simple moving average of $2.30. JX Luxventure has a 52 week low of $1.09 and a 52 week high of $12.40.

About JX Luxventure

JX Luxventure Limited provides tourism services and supplying related products in the People's Republic of China. The company operates through five segments: Wholesale, Retail, Contract Manufacturing, Tourism Service, and Cross-Border E-Commerce. It provides packaged group tour services online through the 51books.com platform; and engages in the offline wholesale of health care, personal care, cosmetics, maternal and child, pet-related, universal cuisine and household products, and pre-owned electric cars, as well as online.