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

Addentax Group Corp. (NASDAQ:ATXG) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 11,900 shares, a decrease of 51.0% from the March 31st total of 24,300 shares. Based on an average trading volume of 21,400 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the company’s stock are short sold.

Insider Transactions at Addentax Group

In other Addentax Group news, CEO Hong Zhida acquired 24,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $1.09 per share, with a total value of $26,160.00. Following the transaction, the chief executive officer now owns 245,894 shares in the company, valued at $268,024.46. The trade was a 10.82 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders acquired 27,195 shares of company stock valued at $29,169. 4.94% of the stock is currently owned by corporate insiders.

Addentax Group Trading Down 0.6 %

NASDAQ:ATXG opened at $0.70 on Tuesday. The stock has a 50-day simple moving average of $0.81 and a 200-day simple moving average of $0.73. The stock has a market cap of $4.21 million, a P/E ratio of -2.49 and a beta of 0.68. Addentax Group has a 1 year low of $0.49 and a 1 year high of $1.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 8.59 and a current ratio of 8.64.

Addentax Group (NASDAQ:ATXG) last announced its earnings results on Friday, February 14th. The company reported ($0.19) earnings per share (EPS) for the quarter. The firm 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%.

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.