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

Addentax Group Corp. (NASDAQ:ATXG) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 23,100 shares, a drop of 33.2% from the January 15th total of 34,600 shares. Based on an average daily volume of 27,400 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the company’s shares are short sold.

Addentax Group Price Performance

NASDAQ:ATXG traded up $0.06 during trading hours on Friday, hitting $1.10. 52,015 shares of the company’s stock traded hands, compared to its average volume of 20,880. The stock’s fifty day moving average price is $0.73 and its two-hundred day moving average price is $0.66. The company has a quick ratio of 11.46, a current ratio of 11.54 and a debt-to-equity ratio of 0.13. Addentax Group has a twelve month low of $0.49 and a twelve month high of $1.44.

Addentax Group (NASDAQ:ATXG) last issued its earnings results on Friday, February 14th. The company reported ($0.19) earnings per share for the quarter. The business had revenue of $1.06 million during the quarter. Addentax Group had a negative net margin of 74.33% and a negative return on equity of 7.74%.

Insider Buying and Selling

In other Addentax Group news, CEO Hong Zhida bought 24,000 shares of Addentax Group stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $1.09 per share, for a total transaction of $26,160.00. Following the completion of the acquisition, the chief executive officer now directly owns 245,894 shares of the company’s stock, valued at approximately $268,024.46. This trade represents a 10.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have purchased 27,195 shares of company stock valued at $29,169. 3.37% of the stock is owned by corporate 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.