Short Interest in Addentax Group Corp. (NASDAQ:ATXG) Decreases By 51.0%

Addentax Group Corp. (NASDAQ:ATXG) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 11,900 shares, a decrease of 51.0% from the March 31st total of 24,300 shares. Based on an average daily trading volume, of 21,400 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.

Addentax Group Trading Up 9.2 %

Shares of NASDAQ ATXG opened at $0.80 on Wednesday. The company has a quick ratio of 8.59, a current ratio of 8.64 and a debt-to-equity ratio of 0.12. Addentax Group has a 12 month low of $0.49 and a 12 month high of $1.18. The company has a market cap of $4.83 million, a price-to-earnings ratio of -2.86 and a beta of 0.68. The business has a fifty day simple moving average of $0.80 and a 200-day simple moving average of $0.73.

Addentax Group (NASDAQ:ATXG) last posted its quarterly earnings data on Friday, February 14th. The company reported ($0.19) EPS for the quarter. Addentax Group had a negative net margin of 47.57% and a negative return on equity of 8.64%. The firm had revenue of $1.06 million for the quarter.

Insider Buying and Selling at Addentax Group

In related news, CEO Hong Zhida acquired 24,000 shares of Addentax Group stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $1.09 per share, with a total value of $26,160.00. Following the purchase, the chief executive officer now directly owns 245,894 shares in the company, valued at $268,024.46. The trade was a 10.82 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have purchased 27,195 shares of company stock valued at $29,169. Corporate insiders own 4.94% of the company’s stock.

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.