Addentax Group Corp. (NASDAQ:ATXG) Stock Short Interest Declines 84.4%

Addentax Group Corp. (NASDAQ:ATXG) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 60 shares, a decline of 84.4% from the August 31st total of 384 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 3,077 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

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

Insider Transactions at Addentax Group

In other Addentax Group news, Director Zhiwang Hong purchased 218,750 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was acquired 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 in the company, valued at approximately $1,080,835.20. This represents a 3,405.20% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.72% of the stock is currently owned by insiders.

Addentax Group Stock Performance

Shares of Addentax Group stock opened at $3.57 on Friday. Addentax Group has a 52-week low of $2.91 and a 52-week high of $17.55. The company’s 50 day moving average price is $3.69 and its 200-day moving average price is $4.36. The stock has a market capitalization of $4.21 million, a price-to-earnings ratio of -0.91 and a beta of 0.50.

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

Addentax Group Company Profile

Addentax Group Corporation (NASDAQ: ATXG) is a holding company that operates businesses in garment manufacturing, logistics and property management. Through its subsidiaries, the company provides apparel production services and supports related commercial activities in China.

The company’s garment manufacturing operations are associated with China’s apparel industry, while its logistics business provides transportation and delivery-related services. Addentax Group also engages in property management, serving commercial and other properties connected with its operating activities.

Addentax Group is incorporated in the Cayman Islands and conducts its principal operating activities through subsidiaries in China, including in Guangdong Province.