Addentax Group Corp. (NASDAQ:ATXG) Short Interest Update

Addentax Group Corp. (NASDAQ:ATXG) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 384 shares, a decrease of 91.9% from the August 15th total of 4,716 shares. Based on an average trading volume of 13,041 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Addentax Group Trading Up 12.6%

Shares of Addentax Group stock traded up $0.43 during trading on Friday, reaching $3.87. The company’s stock had a trading volume of 10,700 shares, compared to its average volume of 8,313. The stock has a 50-day moving average price of $3.72 and a two-hundred day moving average price of $4.44. The stock has a market capitalization of $4.56 million, a P/E ratio of -0.99 and a beta of 0.50. Addentax Group has a one year low of $2.91 and a one year high of $19.50.

Addentax Group (NASDAQ:ATXG) last posted its quarterly earnings data on Friday, August 14th. The company reported $2.93 earnings per share for the quarter. Addentax Group had a negative net margin of 21.05% and a negative return on equity of 9.16%. The firm had revenue of $3.44 million during the quarter.

Insider Activity

In other news, Director Zhiwang Hong bought 218,750 shares of Addentax Group stock in a transaction dated Tuesday, August 18th. The shares were bought at an average price of $4.80 per share, for a total transaction of $1,050,000.00. Following the purchase, the director owned 225,174 shares of the company’s stock, valued at approximately $1,080,835.20. This trade represents a 3,405.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.72% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Two Sigma Investments LP acquired a new stake in shares of Addentax Group in the 3rd quarter valued at $29,000. Virtu Financial LLC bought a new position in Addentax Group in the third quarter valued at about $31,000. Jane Street Group LLC bought a new position in Addentax Group in the second quarter valued at about $29,000. Finally, DRW Securities LLC acquired a new stake in Addentax Group in the fourth quarter worth about $129,000. Institutional investors and hedge funds own 10.09% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Addentax Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.