Addentax Group Corp. (NASDAQ:ATXG) Stock Short Interest Report for September

Addentax Group Corp. (NASDAQ:ATXG) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 647 shares, a growth of 978.3% from the September 15th total of 60 shares. Based on an average daily volume of 8,706 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Addentax Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Insider Activity

In other news, Director Zhiwang Hong bought 218,750 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was purchased at an average price of $4.80 per share, for a total transaction of $1,050,000.00. Following the completion of the purchase, the director owned 225,174 shares in the company, valued at approximately $1,080,835.20. This trade represents a 3,405.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.72% of the company’s stock.

Addentax Group Stock Down 4.1%

ATXG traded down $0.13 on Friday, reaching $3.04. The company had a trading volume of 1,127 shares, compared to its average volume of 64,625. Addentax Group has a 1 year low of $2.91 and a 1 year high of $16.20. The stock has a market capitalization of $3.59 million, a PE ratio of -0.78 and a beta of 0.46. The stock has a 50-day moving average price of $3.63 and a 200-day moving average price of $4.30.

Addentax Group (NASDAQ:ATXG) last released its quarterly earnings results on Friday, August 14th. The company reported $2.93 earnings per share (EPS) for the quarter. The firm had revenue of $3.44 million for the quarter. Addentax Group had a negative return on equity of 9.16% and a negative net margin of 21.05%.

About Addentax Group

Addentax Group Corp. is a holding company focused primarily on garment manufacturing, logistics, and property management activities in China. Through its operating subsidiaries, the company manufactures apparel and provides related supply-chain and distribution services.

The company’s logistics operations have included delivery and transportation services, while its property-management activities support the administration and operation of real estate assets. Addentax Group has also pursued business opportunities connected with apparel production and related commercial services.

Addentax Group is incorporated in Nevada and conducts its operating activities principally in China.