Short Interest in Addentax Group Corp. (NASDAQ:ATXG) Declines By 28.5%

Addentax Group Corp. (NASDAQ:ATXG) saw a large decrease in short interest during the month of 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. Approximately 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 Stock Up 6.9 %

ATXG opened at $0.91 on Friday. The firm has a market cap of $3.90 million, a P/E ratio of -3.24 and a beta of 0.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 8.59 and a current ratio of 8.64. The business has a 50 day moving average price of $0.86 and a 200 day moving average price of $0.70. Addentax Group has a twelve month low of $0.49 and a twelve month high of $1.44.

Addentax Group (NASDAQ:ATXG) last announced 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 47.57% and a negative return on equity of 8.64%. The company had revenue of $1.06 million for the quarter.

Insider Transactions at Addentax Group

In related news, CEO Hong Zhida purchased 24,000 shares of Addentax Group stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $1.09 per share, with a total value of $26,160.00. Following the completion of the transaction, the chief executive officer now directly owns 245,894 shares of the company’s stock, 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 can be accessed through this link. Insiders have acquired a total of 27,195 shares of company stock worth $29,169 in the last 90 days. 3.37% of the stock is owned by 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.