Addentax Group Corp. (NASDAQ:ATXG) Short Interest Down 33.2% in January

Addentax Group Corp. (NASDAQ:ATXG) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 23,100 shares, a decrease of 33.2% from the January 15th total of 34,600 shares. Based on an average daily volume of 27,400 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the company’s stock are sold short.

Addentax Group Stock Up 5.8 %

Addentax Group stock traded up $0.06 during mid-day trading on Friday, reaching $1.10. The company’s stock had a trading volume of 52,015 shares, compared to its average volume of 20,880. Addentax Group has a twelve month low of $0.49 and a twelve month high of $1.44. The business has a 50 day moving average price of $0.73 and a 200-day moving average price of $0.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 11.46 and a current ratio of 11.54.

Addentax Group (NASDAQ:ATXG) last announced its quarterly earnings data on Friday, February 14th. The company reported ($0.19) earnings per share for the quarter. The business had revenue of $1.06 million for the quarter. Addentax Group had a negative net margin of 74.33% and a negative return on equity of 7.74%.

Insider Activity

In other news, CEO Hong Zhida purchased 24,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $1.09 per share, for a total transaction of $26,160.00. Following the acquisition, the chief executive officer now owns 245,894 shares of the company’s stock, valued at $268,024.46. The trade was a 10.82 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have purchased 27,195 shares of company stock worth $29,169. 3.37% of the stock is currently owned by corporate insiders.

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.