Short Interest in Addentax Group Corp. (NASDAQ:ATXG) Drops By 85.1%

Addentax Group Corp. (NASDAQ:ATXG) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 54,100 shares, adropof85.1% from the July 15th total of 363,000 shares. Approximately0.6% of the company’s stock are sold short. Based on an average trading volume of 1,830,000 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 1,830,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately0.6% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Addentax Group to a “sell” rating in a research report on Saturday, July 5th.

Hedge Funds Weigh In On Addentax Group

An institutional investor recently bought a new position in Addentax Group stock. Jane Street Group LLC bought a new position in shares of Addentax Group Corp. (NASDAQ:ATXG) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 43,476 shares of the company’s stock, valued at approximately $29,000. Jane Street Group LLC owned 0.43% of Addentax Group at the end of the most recent quarter. 10.09% of the stock is owned by hedge funds and other institutional investors.

Addentax Group Trading Up 6.7%

NASDAQ:ATXG opened at $0.48 on Friday. Addentax Group has a 12 month low of $0.36 and a 12 month high of $1.86. The firm has a market cap of $4.79 million, a price-to-earnings ratio of -0.68 and a beta of 0.69. The company has a quick ratio of 7.50, a current ratio of 7.54 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $0.60 and its 200-day moving average is $0.73.

Addentax Group (NASDAQ:ATXG) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.06) EPS for the quarter. Addentax Group had a negative net margin of 98.96% and a negative return on equity of 18.20%. The firm had revenue of $0.98 million during the quarter.

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.