Short Interest in Addentax Group Corp. (NASDAQ:ATXG) Decreases By 88.5%

Addentax Group Corp. (NASDAQ:ATXG) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 8,900 shares, a drop of 88.5% from the March 31st total of 77,500 shares. Based on an average daily volume of 133,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

Addentax Group Stock Performance

Shares of NASDAQ ATXG traded up $0.02 during trading hours on Thursday, hitting $0.93. 40,605 shares of the company’s stock were exchanged, compared to its average volume of 115,540. Addentax Group has a 1-year low of $0.81 and a 1-year high of $16.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 5.58 and a quick ratio of 5.53. The stock has a market capitalization of $4.00 million, a price-to-earnings ratio of -1.29 and a beta of 2.40. The company’s 50-day moving average price is $0.96 and its 200-day moving average price is $1.15.

Addentax Group (NASDAQ:ATXG) last issued its earnings results on Wednesday, February 14th. The company reported ($0.22) EPS for the quarter. The firm had revenue of $1.47 million during the quarter. Addentax Group had a negative return on equity of 22.36% and a negative net margin of 53.47%.

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.