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

Addentax Group Corp. (NASDAQ:ATXG) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 11,000 shares, a decline of 17.9% from the August 15th total of 13,400 shares. Based on an average daily volume of 102,500 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are short sold.

Addentax Group Price Performance

NASDAQ:ATXG remained flat at $0.57 on Monday. 26,788 shares of the company’s stock were exchanged, compared to its average volume of 94,548. Addentax Group has a 52 week low of $0.49 and a 52 week high of $1.77. The stock has a market cap of $2.45 million, a P/E ratio of -0.79 and a beta of 1.68. The stock’s 50-day simple moving average is $0.66 and its two-hundred day simple moving average is $0.84. The company has a current ratio of 6.74, a quick ratio of 6.70 and a debt-to-equity ratio of 0.14.

Addentax Group (NASDAQ:ATXG) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.25) earnings per share (EPS) for the quarter. The firm had revenue of $0.85 million for the quarter. Addentax Group had a negative net margin of 32.35% and a negative return on equity of 10.59%.

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.