Short Interest in Addentax Group Corp. (NASDAQ:ATXG) Decreases By 94.2%

Addentax Group Corp. (NASDAQ:ATXG) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 543 shares, a drop of 94.2% from the December 15th total of 9,379 shares. Based on an average daily trading volume, of 45,460 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 45,460 shares, the days-to-cover ratio is currently 0.0 days.

Addentax Group Stock Performance

Shares of NASDAQ ATXG opened at $0.43 on Wednesday. Addentax Group has a fifty-two week low of $0.33 and a fifty-two week high of $1.86. The stock has a market cap of $5.01 million, a PE ratio of -0.72 and a beta of 0.95. The stock has a fifty day moving average of $0.44 and a 200-day moving average of $0.59.

Addentax Group (NASDAQ:ATXG) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $0.82 million for the quarter. Addentax Group had a negative return on equity of 18.12% and a negative net margin of 96.23%.

Analyst Ratings Changes

Several research analysts have recently weighed in on ATXG shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Addentax Group in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Addentax Group to a “hold” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Addentax Group has an average rating of “Sell”.

Institutional Trading of Addentax Group

A number of hedge funds and other institutional investors have recently bought and sold shares of ATXG. Virtu Financial LLC purchased a new stake in Addentax Group in the 3rd quarter worth approximately $31,000. Two Sigma Investments LP bought a new position in shares of Addentax Group in the third quarter worth $29,000. Finally, Jane Street Group LLC bought a new position in shares of Addentax Group in the second quarter worth $29,000. Institutional investors own 10.09% of the company’s stock.

About Addentax Group

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. It also offers shop subleasing and property management services for garment wholesalers and retailers in the garment market.