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

Addentax Group Corp. (NASDAQ:ATXG) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 11,900 shares, a drop of 51.0% from the March 31st total of 24,300 shares. Based on an average trading volume of 21,400 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are short sold.

Insiders Place Their Bets

In other Addentax Group news, CEO Hong Zhida bought 24,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $1.09 per share, with a total value of $26,160.00. Following the purchase, the chief executive officer now owns 245,894 shares in the company, valued at approximately $268,024.46. This represents a 10.82 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders purchased 27,195 shares of company stock valued at $29,169. 4.94% of the stock is owned by company insiders.

Addentax Group Stock Performance

Shares of ATXG stock opened at $0.70 on Tuesday. The company has a market cap of $4.21 million, a price-to-earnings ratio of -2.49 and a beta of 0.68. The stock has a 50 day simple moving average of $0.81 and a 200-day simple moving average of $0.73. Addentax Group has a 12-month low of $0.49 and a 12-month high of $1.18. The company has a current ratio of 8.64, a quick ratio of 8.59 and a debt-to-equity ratio of 0.12.

Addentax Group (NASDAQ:ATXG) last issued its earnings results on Friday, February 14th. The company reported ($0.19) earnings per share (EPS) for the quarter. Addentax Group had a negative return on equity of 8.64% and a negative net margin of 47.57%. The business had revenue of $1.06 million for the quarter.

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.