Short Interest in Addentax Group Corp. (NASDAQ:ATXG) Decreases By 88.5%

Addentax Group Corp. (NASDAQ:ATXG) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 8,900 shares, a decline of 88.5% from the March 31st total of 77,500 shares. Based on an average daily trading volume, of 133,200 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Addentax Group Price Performance

Shares of Addentax Group stock traded up $0.01 on Friday, reaching $0.94. The company’s stock had a trading volume of 26,302 shares, compared to its average volume of 24,744. Addentax Group has a 52-week low of $0.81 and a 52-week high of $16.30. The company has a market capitalization of $4.05 million, a P/E ratio of -1.31 and a beta of 2.40. The company has a quick ratio of 5.53, a current ratio of 5.58 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average price of $0.96 and a 200-day moving average price of $1.14.

Addentax Group (NASDAQ:ATXG) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.22) EPS for the quarter. The company had revenue of $1.47 million during the quarter. Addentax Group had a negative return on equity of 22.36% and a negative net margin of 53.47%.

Addentax Group Company Profile

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.