Addentax Group Corp. (NASDAQ:ATXG) Sees Large Drop in Short Interest

Addentax Group Corp. (NASDAQ:ATXG) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 762 shares, a drop of 96.3% from the January 15th total of 20,549 shares. Based on an average daily trading volume, of 63,718 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 63,718 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Several research firms have recently commented on ATXG. Wall Street Zen raised Addentax Group to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings restated a “sell (e+)” rating on shares of Addentax Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Addentax Group Trading Down 7.9%

ATXG stock opened at $0.39 on Thursday. The firm has a 50 day moving average of $0.41 and a 200-day moving average of $0.55. The firm has a market capitalization of $4.63 million, a P/E ratio of -0.67 and a beta of 0.96. Addentax Group has a 12 month low of $0.28 and a 12 month high of $1.86.

Addentax Group (NASDAQ:ATXG) last announced its earnings results on Friday, November 14th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $0.82 million during the quarter. Addentax Group had a negative return on equity of 18.12% and a negative net margin of 96.23%.

Institutional Investors Weigh In On Addentax Group

A number of institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in shares of Addentax Group in the 2nd quarter worth about $29,000. Two Sigma Investments LP bought a new position in Addentax Group in the 3rd quarter worth $29,000. Finally, Virtu Financial LLC purchased a new position in Addentax Group during the third quarter valued at approximately $31,000. 10.09% of the stock is owned by hedge funds and other institutional investors.

About Addentax Group

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.