Addentax Group Corp. (NASDAQ:ATXG) Short Interest Down 96.3% in January

Addentax Group Corp. (NASDAQ:ATXG) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 762 shares, a drop of 96.3% from the January 15th total of 20,549 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 63,718 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 63,718 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Addentax Group Trading Up 0.8%

Shares of Addentax Group stock traded up $0.00 during trading on Tuesday, reaching $0.43. The company’s stock had a trading volume of 15,309,595 shares, compared to its average volume of 1,451,976. Addentax Group has a fifty-two week low of $0.28 and a fifty-two week high of $1.86. The firm has a market cap of $5.03 million, a PE ratio of -0.73 and a beta of 0.96. The company has a 50-day moving average price of $0.41 and a two-hundred day moving average price of $0.56.

Addentax Group (NASDAQ:ATXG) last issued 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%.

Analyst Ratings Changes

A number of research firms recently commented on ATXG. Weiss Ratings reiterated a “sell (e+)” rating on shares of Addentax Group in a research note on Wednesday, January 21st. Wall Street Zen raised Addentax Group to a “hold” rating in a research note on Saturday, November 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Addentax Group currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATXG. Jane Street Group LLC purchased a new position in shares of Addentax Group during the second quarter valued at $29,000. Virtu Financial LLC bought a new position in shares of Addentax Group during the 3rd quarter valued at $31,000. Finally, Two Sigma Investments LP bought a new position in Addentax Group during the third quarter valued at about $29,000. Institutional investors and hedge funds own 10.09% of the company’s stock.

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.