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

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

Addentax Group Trading Up 2.1 %

Shares of NASDAQ ATXG opened at $0.93 on Friday. Addentax Group has a fifty-two week low of $0.81 and a fifty-two week high of $16.30. The firm has a market capitalization of $4.00 million, a P/E ratio of -1.29 and a beta of 2.40. 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 company’s 50 day simple moving average is $0.96 and its 200 day simple moving average 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. Addentax Group had a negative net margin of 53.47% and a negative return on equity of 22.36%. The business had revenue of $1.47 million for the quarter.

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.