Addentax Group Corp. (NASDAQ:ATXG) Short Interest Down 8.8% in December

Addentax Group Corp. (NASDAQ:ATXG) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 26,900 shares, a decrease of 8.8% from the November 30th total of 29,500 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 23,900 shares, the days-to-cover ratio is currently 1.1 days.

Addentax Group Stock Down 11.2 %

ATXG traded down $0.08 during trading on Wednesday, hitting $0.61. 40,397 shares of the company’s stock were exchanged, compared to its average volume of 73,938. The stock has a market cap of $2.63 million, a P/E ratio of -0.82 and a beta of 1.52. The business’s 50 day moving average is $0.61 and its two-hundred day moving average is $0.66. Addentax Group has a fifty-two week low of $0.49 and a fifty-two week high of $1.77. 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 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.