Addentax Group Corp. (NASDAQ:ATXG) Shares Shorted: Short Interest Down 84.4% in September

Addentax Group Corp. (NASDAQ:ATXG) was the recipient of a large drop in short interest during the month of 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. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 3,077 shares, the days-to-cover ratio is presently 0.0 days.

Addentax Group Price Performance

ATXG stock opened at $3.57 on Friday. Addentax Group has a 1 year low of $2.91 and a 1 year high of $17.55. The company has a market cap of $4.21 million, a P/E ratio of -0.91 and a beta of 0.50. The firm has a 50-day moving average of $3.69 and a 200 day moving average of $4.36.

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

Analyst Ratings Changes

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

Insider Activity

In other Addentax Group news, Director Zhiwang Hong bought 218,750 shares of Addentax Group stock in a transaction dated Tuesday, August 18th. The shares were purchased at an average cost of $4.80 per share, with a total value of $1,050,000.00. Following the completion of the purchase, the director owned 225,174 shares of the company’s stock, valued at approximately $1,080,835.20. This represents a 3,405.20% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company 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.