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

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

Addentax Group Price Performance

Addentax Group stock traded up $0.02 during mid-day trading on Thursday, reaching $0.93. The company had a trading volume of 40,605 shares, compared to its average volume of 115,540. The business has a fifty day simple moving average of $0.96 and a 200 day simple moving average of $1.15. The company has a market cap of $4.00 million, a P/E ratio of -1.29 and a beta of 2.40. The company has a current ratio of 5.58, a quick ratio of 5.53 and a debt-to-equity ratio of 0.10. Addentax Group has a fifty-two week low of $0.81 and a fifty-two week high of $16.30.

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

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.