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

Addentax Group Corp. (NASDAQ:ATXG) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 11,000 shares, a decrease of 17.9% from the August 15th total of 13,400 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 102,500 shares, the days-to-cover ratio is currently 0.1 days.

Addentax Group Trading Down 7.9 %

Shares of Addentax Group stock opened at $0.53 on Wednesday. Addentax Group has a fifty-two week low of $0.49 and a fifty-two week high of $1.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 6.70 and a current ratio of 6.74. The company has a market capitalization of $2.26 million, a P/E ratio of -0.73 and a beta of 1.68. The company has a fifty day moving average of $0.65 and a 200 day moving average of $0.84.

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.