Addentax Group Corp. (NASDAQ:ATXG) Short Interest Update

Addentax Group Corp. (NASDAQ:ATXG) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 38,200 shares, an increase of 7.6% from the August 15th total of 35,500 shares. Based on an average daily trading volume, of 227,100 shares, the short-interest ratio is presently 0.2 days. Approximately 0.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Hudson Bay Capital Management LP bought a new stake in shares of Addentax Group in the 1st quarter worth approximately $1,702,000. Barclays PLC bought a new stake in shares of Addentax Group in the 2nd quarter worth approximately $177,000. Finally, Virtu Financial LLC bought a new stake in shares of Addentax Group in the 4th quarter worth approximately $41,000. Institutional investors own 6.04% of the company’s stock.

Addentax Group Price Performance

NASDAQ:ATXG traded down $0.02 during trading hours on Tuesday, reaching $1.56. 5,702 shares of the stock were exchanged, compared to its average volume of 114,133. The company has a current ratio of 12.16, a quick ratio of 12.07 and a debt-to-equity ratio of 0.35. The firm has a 50 day simple moving average of $2.86 and a 200-day simple moving average of $6.53. Addentax Group has a 52 week low of $1.55 and a 52 week high of $47.91.

Addentax Group (NASDAQ:ATXG) last released its earnings results on Monday, August 14th. The company reported ($0.44) EPS for the quarter. Addentax Group had a negative return on equity of 13.57% and a negative net margin of 22.78%. The firm had revenue of $1.05 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.