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

Addentax Group Corp. (NASDAQ:ATXG) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 34,600 shares, a decrease of 12.6% from the December 31st total of 39,600 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 19,600 shares, the short-interest ratio is currently 1.8 days.

Addentax Group Stock Down 0.4 %

Shares of NASDAQ ATXG traded down $0.00 during mid-day trading on Monday, reaching $0.66. The company had a trading volume of 7,714 shares, compared to its average volume of 24,205. The firm has a 50 day simple moving average of $0.65 and a two-hundred day simple moving average of $0.64. The stock has a market cap of $2.83 million, a P/E ratio of -0.88 and a beta of 1.24. Addentax Group has a 52-week low of $0.49 and a 52-week high of $1.77. 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 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.