Addentax Group Corp. (NASDAQ:ATXG) Sees Significant Increase in Short Interest

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

Addentax Group Trading Down 4.5%

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

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

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Addentax Group in a report on Saturday, September 27th. Wall Street Zen upgraded Addentax Group from a “sell” rating to a “hold” rating in a report on Saturday, August 23rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

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.