Addentax Group Corp. (NASDAQ:ATXG) Sees Large Decrease in Short Interest

Addentax Group Corp. (NASDAQ:ATXG) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 543 shares, a decline of 94.2% from the December 15th total of 9,379 shares. Based on an average daily volume of 45,460 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 45,460 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Addentax Group in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Addentax Group to a “hold” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Addentax Group presently has an average rating of “Sell”.

Hedge Funds Weigh In On Addentax Group

A number of institutional investors have recently added to or reduced their stakes in ATXG. Two Sigma Investments LP bought a new stake in shares of Addentax Group during the 3rd quarter valued at about $29,000. Virtu Financial LLC bought a new position in shares of Addentax Group in the third quarter worth approximately $31,000. Finally, Jane Street Group LLC purchased a new stake in Addentax Group in the second quarter valued at approximately $29,000. 10.09% of the stock is currently owned by institutional investors.

Addentax Group Price Performance

NASDAQ:ATXG traded down $0.01 on Tuesday, reaching $0.42. 6,056 shares of the company’s stock were exchanged, compared to its average volume of 33,606. Addentax Group has a 52 week low of $0.33 and a 52 week high of $1.86. The firm has a market cap of $4.90 million, a price-to-earnings ratio of -0.71 and a beta of 0.95. The stock has a fifty day simple moving average of $0.45 and a 200-day simple moving average of $0.60.

Addentax Group (NASDAQ:ATXG) last issued its earnings results on Friday, November 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. Addentax Group had a negative net margin of 96.23% and a negative return on equity of 18.12%. The business had revenue of $0.82 million for the quarter.

Addentax Group Company Profile

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.