Addentax Group Corp. (NASDAQ:ATXG) Short Interest Down 8.8% in December

Addentax Group Corp. (NASDAQ:ATXG) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 26,900 shares, a drop of 8.8% from the November 30th total of 29,500 shares. Based on an average daily trading volume, of 23,900 shares, the short-interest ratio is currently 1.1 days. Approximately 0.5% of the shares of the company are sold short.

Addentax Group Stock Performance

ATXG traded down $0.09 during trading on Tuesday, hitting $0.60. The stock had a trading volume of 35,873 shares, compared to its average volume of 73,919. Addentax Group has a twelve month low of $0.49 and a twelve month high of $1.77. The firm has a market capitalization of $2.58 million, a P/E ratio of -0.80 and a beta of 1.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 11.46 and a current ratio of 11.54. The company’s 50-day moving average price is $0.61 and its 200 day moving average price is $0.66.

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.