Addentax Group Corp. (NASDAQ:ATXG) Short Interest Update

Addentax Group Corp. (NASDAQ:ATXG) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 17,800 shares, a decrease of 28.5% from the February 13th total of 24,900 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 29,000 shares, the days-to-cover ratio is currently 0.6 days.

Addentax Group Price Performance

Shares of NASDAQ:ATXG opened at $0.90 on Tuesday. The company has a quick ratio of 8.59, a current ratio of 8.64 and a debt-to-equity ratio of 0.12. Addentax Group has a fifty-two week low of $0.49 and a fifty-two week high of $1.44. The firm has a 50-day simple moving average of $0.86 and a 200 day simple moving average of $0.71. The company has a market cap of $3.85 million, a PE ratio of -3.20 and a beta of 0.85.

Addentax Group (NASDAQ:ATXG) last announced its quarterly earnings data on Friday, February 14th. The company reported ($0.19) earnings per share for the quarter. Addentax Group had a negative net margin of 47.57% and a negative return on equity of 8.64%. The business had revenue of $1.06 million for the quarter.

Insider Activity

In other Addentax Group news, CEO Hong Zhida acquired 24,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price of $1.09 per share, with a total value of $26,160.00. Following the transaction, the chief executive officer now directly owns 245,894 shares in the company, valued at approximately $268,024.46. This represents a 10.82 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have purchased 27,195 shares of company stock worth $29,169. 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.