Addentax Group Corp. (NASDAQ:ATXG) Short Interest Update

Addentax Group Corp. (NASDAQ:ATXG) was the target of 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. Approximately 1.7% of the company’s stock are short sold. Based on an average daily volume of 1,120,000 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 1,120,000 shares, the short-interest ratio is currently 0.2 days. Approximately 1.7% of the company’s stock are short sold.

Addentax Group Price Performance

Shares of NASDAQ ATXG opened at $1.01 on Wednesday. Addentax Group has a twelve month low of $0.36 and a twelve month high of $1.86. The stock’s 50 day moving average price is $0.65 and its 200-day moving average price is $0.68. The company has a market capitalization of $11.84 million, a PE ratio of -1.44 and a beta of 0.97. The company has a quick ratio of 6.09, a current ratio of 6.12 and a debt-to-equity ratio of 0.05.

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

Hedge Funds Weigh In On Addentax Group

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

Analysts Set New Price Targets

A number of research firms have issued reports on ATXG. Weiss Ratings reiterated a “sell (e+)” rating on shares of Addentax Group in a research note on Saturday, September 27th. Wall Street Zen upgraded Addentax Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 23rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus 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.