Addentax Group Corp. (NASDAQ:ATXG) Short Interest Down 94.2% in December

Addentax Group Corp. (NASDAQ:ATXG) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 543 shares, a decrease of 94.2% from the December 15th total of 9,379 shares. Based on an average daily trading volume, of 45,460 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 45,460 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

ATXG has been the subject of several analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Addentax Group in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Addentax Group to a “hold” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Addentax Group has an average rating of “Sell”.

Institutional Trading of Addentax Group

A number of hedge funds and other institutional investors have recently made changes to their positions in ATXG. Jane Street Group LLC acquired a new stake in Addentax Group in the 2nd quarter valued at about $29,000. Two Sigma Investments LP acquired a new position in Addentax Group during the third quarter worth approximately $29,000. Finally, Virtu Financial LLC bought a new stake in Addentax Group in the third quarter valued at approximately $31,000. 10.09% of the stock is currently owned by institutional investors and hedge funds.

Addentax Group Price Performance

ATXG stock traded up $0.00 during trading hours on Monday, reaching $0.41. 47,069 shares of the stock were exchanged, compared to its average volume of 40,295. The firm’s 50-day moving average is $0.45 and its 200-day moving average is $0.60. Addentax Group has a 12 month low of $0.33 and a 12 month high of $1.86.

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

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.