Addentax Group Corp. (NASDAQ:ATXG) Short Interest Up 51.9% in March

Addentax Group Corp. (NASDAQ:ATXG) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 24,300 shares, an increase of 51.9% from the March 15th total of 16,000 shares. Based on an average trading volume of 24,200 shares, the short-interest ratio is currently 1.0 days. Approximately 0.5% of the company’s stock are sold short.

Insider Buying and Selling

In other news, CEO Hong Zhida acquired 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $1.09 per share, for a total transaction of $26,160.00. Following the completion of the acquisition, the chief executive officer now owns 245,894 shares in the company, valued at $268,024.46. This represents a 10.82 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 27,195 shares of company stock worth $29,169 over the last ninety days. Company insiders own 4.94% of the company’s stock.

Addentax Group Trading Down 10.1 %

NASDAQ:ATXG opened at $0.62 on Friday. The company has a market cap of $3.75 million, a P/E ratio of -2.21 and a beta of 0.68. Addentax Group has a twelve month low of $0.49 and a twelve month high of $1.18. The business has a 50 day moving average price of $0.86 and a two-hundred day moving average price of $0.73. The company has a quick ratio of 8.59, a current ratio of 8.64 and a debt-to-equity ratio of 0.12.

Addentax Group (NASDAQ:ATXG) last released its earnings results on Friday, February 14th. The company reported ($0.19) earnings per share for the quarter. Addentax Group had a negative net margin of 47.57% and a negative return on equity of 8.64%. The business had revenue of $1.06 million during 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.