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

Addentax Group Corp. (NASDAQ:ATXG) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 13,543 shares, a decline of 50.8% from the June 15th total of 27,514 shares. Based on an average daily trading volume, of 6,680 shares, the short-interest ratio is currently 2.0 days. Currently, 1.4% of the company’s shares are sold short.

Institutional Investors Weigh In On Addentax Group

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

Addentax Group Stock Performance

NASDAQ:ATXG opened at $3.89 on Friday. The stock’s 50-day simple moving average is $4.34 and its 200 day simple moving average is $5.00. The company has a market cap of $4.00 million, a P/E ratio of -0.30 and a beta of 0.56. Addentax Group has a 52-week low of $2.91 and a 52-week high of $19.50.

Addentax Group (NASDAQ:ATXG) last issued its quarterly earnings results on Monday, June 29th. The company reported $0.00 EPS for the quarter. Addentax Group had a negative return on equity of 7.07% and a negative net margin of 83.23%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Addentax Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

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. It also offers shop subleasing and property management services for garment wholesalers and retailers in the garment market.