Addentax Group Corp. (NASDAQ:ATXG) Short Interest Up 85,198.6% in February

Addentax Group Corp. (NASDAQ:ATXG) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 649,975 shares, a growth of 85,198.6% from the January 29th total of 762 shares. Based on an average trading volume of 3,775,268 shares, the days-to-cover ratio is presently 0.2 days. Currently, 5.7% of the shares of the stock are sold short. Currently, 5.7% of the shares of the stock are sold short. Based on an average trading volume of 3,775,268 shares, the days-to-cover ratio is presently 0.2 days.

Addentax Group Stock Performance

Shares of ATXG traded up $0.00 during trading hours on Wednesday, hitting $0.35. 30,991 shares of the stock were exchanged, compared to its average volume of 1,111,640. The stock’s 50-day moving average price is $0.39 and its two-hundred day moving average price is $0.55. Addentax Group has a 12-month low of $0.28 and a 12-month high of $1.86. The company has a market cap of $4.13 million, a price-to-earnings ratio of -0.41 and a beta of 0.96.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Addentax Group in a research report on Wednesday, January 21st. Wall Street Zen raised shares of Addentax Group to a “hold” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Addentax Group

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in shares of Addentax Group in the second quarter worth about $29,000. Two Sigma Investments LP purchased a new stake in Addentax Group during the 3rd quarter valued at about $29,000. Virtu Financial LLC acquired a new stake in Addentax Group in the 3rd quarter valued at about $31,000. Finally, DRW Securities LLC acquired a new stake in Addentax Group in the 4th quarter valued at about $129,000. 10.09% of the stock is currently owned by institutional investors and hedge funds.

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. It also offers shop subleasing and property management services for garment wholesalers and retailers in the garment market.