Addentax Group Corp. (NASDAQ:ATXG) Short Interest Up 85,198.6% in February

Addentax Group Corp. (NASDAQ:ATXG) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 649,975 shares, a growth of 85,198.6% from the January 29th total of 762 shares. Based on an average daily trading volume, of 3,775,268 shares, the short-interest ratio is presently 0.2 days. Currently, 5.7% of the shares of the company are sold short. Currently, 5.7% of the shares of the company are sold short. Based on an average daily trading volume, of 3,775,268 shares, the short-interest ratio is presently 0.2 days.

Addentax Group Stock Up 0.4%

Shares of NASDAQ:ATXG traded up $0.00 during trading on Wednesday, hitting $0.35. 30,991 shares of the stock traded hands, compared to its average volume of 1,111,640. The company has a fifty day moving average price of $0.39 and a two-hundred day moving average price of $0.55. Addentax Group has a 52-week low of $0.28 and a 52-week high of $1.86. The company has a market cap of $4.13 million, a price-to-earnings ratio of -0.41 and a beta of 0.96.

Institutional Investors Weigh In On Addentax Group

Several hedge funds have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of Addentax Group during the 2nd quarter valued at about $29,000. Two Sigma Investments LP acquired a new stake in Addentax Group in the third quarter valued at approximately $29,000. Virtu Financial LLC purchased a new stake in shares of Addentax Group in the third quarter valued at approximately $31,000. Finally, DRW Securities LLC purchased a new stake in shares of Addentax Group in the fourth quarter valued at approximately $129,000. 10.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Wall Street Zen upgraded shares of Addentax Group to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Addentax Group in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Addentax Group has a consensus rating of “Sell”.

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. It also offers shop subleasing and property management services for garment wholesalers and retailers in the garment market.