Short Interest in Addentax Group Corp. (NASDAQ:ATXG) Decreases By 35.9%

Addentax Group Corp. (NASDAQ:ATXG) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 4,716 shares, a decrease of 35.9% from the July 30th total of 7,355 shares. Based on an average trading volume of 15,768 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are short sold.

Addentax Group Price Performance

ATXG opened at $3.42 on Thursday. The firm has a fifty day moving average price of $3.74 and a 200 day moving average price of $4.54. Addentax Group has a 1 year low of $2.91 and a 1 year high of $19.50. The stock has a market cap of $4.02 million, a P/E ratio of -0.87 and a beta of 0.50.

Addentax Group (NASDAQ:ATXG) last released its quarterly earnings data on Friday, August 14th. The company reported $2.93 earnings per share for the quarter. Addentax Group had a negative net margin of 21.05% and a negative return on equity of 9.16%. The company had revenue of $3.44 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings cut Addentax Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Insider Activity

In other Addentax Group news, Director Zhiwang Hong bought 218,750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was bought at an average cost of $4.80 per share, for a total transaction of $1,050,000.00. Following the completion of the transaction, the director directly owned 225,174 shares of the company’s stock, valued at approximately $1,080,835.20. This trade represents a 3,405.20% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. DRW Securities LLC acquired a new position in Addentax Group during the fourth quarter worth $129,000. Virtu Financial LLC acquired a new stake in shares of Addentax Group in the third quarter valued at about $31,000. Two Sigma Investments LP purchased a new stake in shares of Addentax Group during the third quarter worth about $29,000. Finally, Jane Street Group LLC acquired a new position in shares of Addentax Group during the 2nd quarter worth about $29,000. Hedge funds and other institutional investors own 10.09% of the company’s stock.

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. It also offers shop subleasing and property management services for garment wholesalers and retailers in the garment market.