Addentax Group Corp. (NASDAQ:ATXG) Sees Large Decrease in Short Interest

Addentax Group Corp. (NASDAQ:ATXG) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 26,900 shares, a decline of 8.8% from the November 30th total of 29,500 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 23,900 shares, the days-to-cover ratio is currently 1.1 days.

Addentax Group Stock Performance

Shares of NASDAQ ATXG traded down $0.02 during trading on Tuesday, reaching $0.67. 13,852 shares of the stock traded hands, compared to its average volume of 73,832. The company has a 50-day moving average of $0.61 and a 200-day moving average of $0.66. Addentax Group has a 52-week low of $0.49 and a 52-week high of $1.77. The stock has a market capitalization of $2.88 million, a P/E ratio of -0.89 and a beta of 1.52. The company has a debt-to-equity ratio of 0.13, a current ratio of 11.54 and a quick ratio of 11.46.

Addentax Group Company Profile

Addentax Group Corp., together with its subsidiaries, operates as a logistic service provider in China. It operates through three segments: Garment Manufacturing, Logistics Services, and Property Management and Subleasing. The company manufactures and distributes garments; and provides logistic services, such as storage, transportation, warehousing, handling, packaging, and order processing, as well as customs declaration and tax clearance services.