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

Addentax Group Corp. (NASDAQ:ATXG) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 23,800 shares, a drop of 20.9% from the September 15th total of 30,100 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 109,800 shares, the days-to-cover ratio is presently 0.2 days.

Addentax Group Price Performance

Shares of NASDAQ ATXG opened at $0.76 on Friday. Addentax Group has a 52 week low of $0.49 and a 52 week high of $1.77. The company has a quick ratio of 6.70, a current ratio of 6.74 and a debt-to-equity ratio of 0.14. The firm has a market cap of $3.25 million, a P/E ratio of -1.05 and a beta of 1.67. The business’s 50 day moving average price is $0.62 and its 200 day moving average price is $0.80.

Addentax Group (NASDAQ:ATXG) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.25) earnings per share for the quarter. The business had revenue of $0.85 million during the quarter. Addentax Group had a negative return on equity of 10.59% and a negative net margin of 32.35%.

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.