Short Interest in Addentax Group Corp. (NASDAQ:ATXG) Rises By 85,198.6%

Addentax Group Corp. (NASDAQ:ATXG) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 649,975 shares, an increase of 85,198.6% from the January 29th total of 762 shares. Based on an average daily volume of 3,775,268 shares, the days-to-cover ratio is presently 0.2 days. Currently, 5.7% of the shares of the company are sold short. Currently, 5.7% of the shares of the company are sold short. Based on an average daily volume of 3,775,268 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ATXG. Jane Street Group LLC acquired a new stake in shares of Addentax Group during the 2nd quarter valued at $29,000. Two Sigma Investments LP acquired a new stake in shares of Addentax Group during the third quarter worth $29,000. Virtu Financial LLC purchased a new stake in shares of Addentax Group during the third quarter valued at $31,000. Finally, DRW Securities LLC acquired a new position in shares of Addentax Group in the 4th quarter valued at $129,000. Institutional investors and hedge funds own 10.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Addentax Group in a research note on Wednesday, January 21st. Wall Street Zen raised shares of Addentax Group to a “hold” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Addentax Group Stock Up 0.4%

Shares of Addentax Group stock opened at $0.35 on Thursday. The business has a fifty day simple moving average of $0.39 and a 200-day simple moving average of $0.55. Addentax Group has a fifty-two week low of $0.28 and a fifty-two week high of $1.86. The firm has a market cap of $4.13 million, a price-to-earnings ratio of -0.41 and a beta of 0.96.

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