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

Addentax Group Corp. (NASDAQ:ATXG) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 60 shares, a drop of 84.4% from the August 31st total of 384 shares. Based on an average daily trading volume, of 3,077 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

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

Addentax Group Stock Performance

NASDAQ ATXG traded down $0.15 during trading hours on Friday, hitting $3.50. 34,326 shares of the company’s stock were exchanged, compared to its average volume of 2,788. The business’s 50 day moving average is $3.69 and its 200-day moving average is $4.36. Addentax Group has a 12-month low of $2.91 and a 12-month high of $17.55. The firm has a market capitalization of $4.13 million, a P/E ratio of -0.89 and a beta of 0.50.

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

Insider Activity

In other news, Director Zhiwang Hong purchased 218,750 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were acquired at an average price of $4.80 per share, with a total value of $1,050,000.00. Following the purchase, the director directly owned 225,174 shares of the company’s stock, valued at $1,080,835.20. The trade was a 3,405.20% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.72% of the company’s stock.

About Addentax Group

Addentax Group Corporation (NASDAQ: ATXG) is a holding company that operates businesses in garment manufacturing, logistics and property management. Through its subsidiaries, the company provides apparel production services and supports related commercial activities in China.

The company’s garment manufacturing operations are associated with China’s apparel industry, while its logistics business provides transportation and delivery-related services. Addentax Group also engages in property management, serving commercial and other properties connected with its operating activities.

Addentax Group is incorporated in the Cayman Islands and conducts its principal operating activities through subsidiaries in China, including in Guangdong Province.