Short Interest in Addentax Group Corp. (NASDAQ:ATXG) Drops By 60.2%

Addentax Group Corp. (NASDAQ:ATXG) saw a large drop in short interest in August. As of August 15th, there was short interest totalling 13,400 shares, a drop of 60.2% from the July 31st total of 33,700 shares. Based on an average daily trading volume, of 85,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are short sold.

Addentax Group Stock Performance

NASDAQ:ATXG traded up $0.01 during mid-day trading on Thursday, reaching $0.61. The company’s stock had a trading volume of 9,028 shares, compared to its average volume of 91,643. The firm’s fifty day moving average price is $0.72 and its two-hundred day moving average price is $0.90. Addentax Group has a 12-month low of $0.59 and a 12-month high of $2.83. The stock has a market cap of $2.60 million, a P/E ratio of -0.82 and a beta of 1.69. The company has a current ratio of 6.37, a quick ratio of 6.35 and a debt-to-equity ratio of 0.10.

Addentax Group (NASDAQ:ATXG) last issued its quarterly earnings data on Monday, July 15th. The company reported $0.29 earnings per share for the quarter. Addentax Group had a negative net margin of 60.34% and a negative return on equity of 11.58%. The company had revenue of $1.30 million for the quarter.

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.