Addentax Group Corp. (NASDAQ:ATXG) Stock Short Interest Report for September

Addentax Group Corp. (NASDAQ:ATXG) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 647 shares, a growth of 978.3% from the September 15th total of 60 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 8,706 shares, the days-to-cover ratio is presently 0.1 days.

Insider Transactions at Addentax Group

In other news, Director Zhiwang Hong acquired 218,750 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was bought at an average price of $4.80 per share, for a total transaction of $1,050,000.00. Following the transaction, the director owned 225,174 shares in the company, valued at $1,080,835.20. This represents a 3,405.20% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.72% of the company’s stock.

Addentax Group Trading Down 4.1%

Shares of NASDAQ:ATXG traded down $0.13 on Friday, reaching $3.04. 1,127 shares of the company were exchanged, compared to its average volume of 64,625. Addentax Group has a 1-year low of $2.91 and a 1-year high of $16.20. The firm has a market cap of $3.59 million, a price-to-earnings ratio of -0.78 and a beta of 0.46. The company has a 50-day moving average of $3.63 and a 200-day moving average of $4.30.

Addentax Group (NASDAQ:ATXG) last posted its quarterly earnings results on Friday, August 14th. The company reported $2.93 earnings per share (EPS) for the quarter. The company had revenue of $3.44 million during the quarter. Addentax Group had a negative net margin of 21.05% and a negative return on equity of 9.16%.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Addentax Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Addentax Group has a consensus rating of “Sell”.

Addentax Group Company Profile

Addentax Group Corp. is a holding company focused primarily on garment manufacturing, logistics, and property management activities in China. Through its operating subsidiaries, the company manufactures apparel and provides related supply-chain and distribution services.

The company’s logistics operations have included delivery and transportation services, while its property-management activities support the administration and operation of real estate assets. Addentax Group has also pursued business opportunities connected with apparel production and related commercial services.

Addentax Group is incorporated in Nevada and conducts its operating activities principally in China.