Addentax Group Corp. (NASDAQ:ATXG) Short Interest Up 47.2% in December

Addentax Group Corp. (NASDAQ:ATXG) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 39,600 shares, an increase of 47.2% from the December 15th total of 26,900 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 20,700 shares, the short-interest ratio is presently 1.9 days.

Addentax Group Stock Performance

NASDAQ ATXG traded up $0.02 on Wednesday, reaching $0.73. 2,022 shares of the company’s stock traded hands, compared to its average volume of 49,330. The company has a debt-to-equity ratio of 0.13, a quick ratio of 11.46 and a current ratio of 11.54. Addentax Group has a fifty-two week low of $0.49 and a fifty-two week high of $1.77. The stock has a 50 day moving average price of $0.62 and a 200-day moving average price of $0.65. The firm has a market cap of $3.14 million, a price-to-earnings ratio of -0.97 and a beta of 1.21.

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.