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

Addentax Group Corp. (NASDAQ:ATXG) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 23,100 shares, a drop of 33.2% from the January 15th total of 34,600 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 27,400 shares, the days-to-cover ratio is presently 0.8 days.

Addentax Group Price Performance

Shares of ATXG stock opened at $1.10 on Friday. The firm’s fifty day moving average price is $0.73 and its two-hundred day moving average price is $0.66. Addentax Group has a 1 year low of $0.49 and a 1 year high of $1.44. The company has a current ratio of 11.54, a quick ratio of 11.46 and a debt-to-equity ratio of 0.13.

Addentax Group (NASDAQ:ATXG) last issued its quarterly earnings results on Friday, February 14th. The company reported ($0.19) EPS for the quarter. Addentax Group had a negative net margin of 74.33% and a negative return on equity of 7.74%.

Insider Transactions at Addentax Group

In other Addentax Group news, CEO Hong Zhida acquired 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $1.09 per share, for a total transaction of $26,160.00. Following the transaction, the chief executive officer now owns 245,894 shares of the company’s stock, valued at $268,024.46. This trade represents a 10.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought a total of 27,195 shares of company stock valued at $29,169 over the last three months. 3.37% of the stock is currently owned by corporate insiders.

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.