Addentax Group Corp. (NASDAQ:ATXG) Short Interest Update

Addentax Group Corp. (NASDAQ:ATXG) was the recipient of 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. Based on an average daily volume of 29,000 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the shares of the company are short sold.

Addentax Group Trading Down 2.5 %

Addentax Group stock opened at $0.90 on Tuesday. The firm has a 50 day simple moving average of $0.86 and a 200-day simple moving average of $0.71. The company has a debt-to-equity ratio of 0.12, a current ratio of 8.64 and a quick ratio of 8.59. The stock has a market capitalization of $3.85 million, a PE ratio of -3.20 and a beta of 0.85. Addentax Group has a 12-month low of $0.49 and a 12-month high of $1.44.

Addentax Group (NASDAQ:ATXG) last posted its quarterly earnings data on Friday, February 14th. The company reported ($0.19) earnings per share (EPS) for the quarter. The company had revenue of $1.06 million during the quarter. Addentax Group had a negative net margin of 47.57% and a negative return on equity of 8.64%.

Insiders Place Their Bets

In other news, CEO Hong Zhida bought 24,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $1.09 per share, for a total transaction of $26,160.00. Following the transaction, the chief executive officer now owns 245,894 shares in the company, valued at approximately $268,024.46. This trade represents a 10.82 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders bought 27,195 shares of company stock worth $29,169. Insiders own 3.37% 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.