Short Interest in Addentax Group Corp. (NASDAQ:ATXG) Drops By 94.2%

Addentax Group Corp. (NASDAQ:ATXG) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 543 shares, a drop of 94.2% from the December 15th total of 9,379 shares. Based on an average daily volume of 45,460 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 45,460 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

ATXG has been the topic of several research analyst reports. Wall Street Zen upgraded 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 report on Wednesday, October 8th. One equities research 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 Stock Up 0.9%

Shares of NASDAQ ATXG traded up $0.00 during midday trading on Monday, hitting $0.41. The stock had a trading volume of 47,069 shares, compared to its average volume of 40,295. Addentax Group has a fifty-two week low of $0.33 and a fifty-two week high of $1.86. The company’s 50-day simple moving average is $0.45 and its 200 day simple moving average is $0.60.

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

Institutional Investors Weigh In On Addentax Group

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

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.