Addentax Group Corp. (NASDAQ:ATXG) Short Interest Up 67.8% in September

Addentax Group Corp. (NASDAQ:ATXG) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 188,800 shares, an increase of 67.8% from the August 31st total of 112,500 shares. Based on an average daily volume of 1,120,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.7% of the company’s shares are sold short. Currently, 1.7% of the company’s shares are sold short. Based on an average daily volume of 1,120,000 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Addentax Group

A hedge fund recently bought a new stake in Addentax Group stock. Jane Street Group LLC bought a new stake in Addentax Group Corp. (NASDAQ:ATXG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 43,476 shares of the company’s stock, valued at approximately $29,000. Jane Street Group LLC owned 0.43% of Addentax Group at the end of the most recent reporting period. 10.09% of the stock is owned by institutional investors.

Addentax Group Price Performance

Shares of NASDAQ ATXG opened at $1.06 on Monday. The business has a 50 day moving average price of $0.64 and a two-hundred day moving average price of $0.68. Addentax Group has a fifty-two week low of $0.36 and a fifty-two week high of $1.86. The firm has a market cap of $12.42 million, a PE ratio of -1.51 and a beta of 0.97. The company has a quick ratio of 6.09, a current ratio of 6.12 and a debt-to-equity ratio of 0.05.

Addentax Group (NASDAQ:ATXG) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.06) EPS for the quarter. Addentax Group had a negative return on equity of 17.87% and a negative net margin of 98.96%.The firm had revenue of $0.98 million during the quarter.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ATXG. Wall Street Zen raised shares of Addentax Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of Addentax Group in a report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently 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.