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

Addentax Group Corp. (NASDAQ:ATXG) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 20,549 shares, a growth of 3,684.3% from the December 31st total of 543 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 64,743 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 64,743 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

Addentax Group Stock Performance

ATXG stock traded down $0.03 during trading on Tuesday, hitting $0.34. The stock had a trading volume of 40,183 shares, compared to its average volume of 57,575. The company’s 50 day moving average price is $0.43 and its two-hundred day moving average price is $0.58. Addentax Group has a 1-year low of $0.33 and a 1-year high of $1.86. The stock has a market cap of $3.98 million, a price-to-earnings ratio of -0.58 and a beta of 0.95.

Addentax Group (NASDAQ:ATXG) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.11) earnings per share (EPS) 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%.

Analysts Set New Price Targets

ATXG has been the topic of a number of research reports. Wall Street Zen raised shares of Addentax Group to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Addentax Group in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in shares of Addentax Group during the second quarter worth $29,000. Two Sigma Investments LP purchased a new position in Addentax Group during the third quarter worth about $29,000. Finally, Virtu Financial LLC purchased a new position in Addentax Group during the third quarter worth about $31,000. 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.