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

Addentax Group Corp. (NASDAQ:ATXG) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 4,716 shares, a drop of 35.9% from the July 30th total of 7,355 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 15,768 shares, the short-interest ratio is presently 0.3 days.

Insiders Place Their Bets

In other news, Director Zhiwang Hong purchased 218,750 shares of Addentax Group stock in a transaction that occurred on Tuesday, August 18th. The stock was acquired at an average cost of $4.80 per share, for a total transaction 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. This trade represents a 3,405.20% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.72% of the company’s stock.

Institutional Investors Weigh In On Addentax Group

A number of large investors have recently modified their holdings of ATXG. DRW Securities LLC acquired a new stake in shares of Addentax Group during the fourth quarter valued at about $129,000. Jane Street Group LLC bought a new position in Addentax Group during the 2nd quarter worth $29,000. Virtu Financial LLC bought a new position in Addentax Group during the 3rd quarter worth $31,000. Finally, Two Sigma Investments LP acquired a new position in Addentax Group during the 3rd quarter worth about $29,000. Institutional investors and hedge funds own 10.09% of the company’s stock.

Analyst Ratings Changes

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

Addentax Group Stock Down 3.7%

Shares of ATXG traded down $0.13 during trading hours on Tuesday, hitting $3.42. 1,448 shares of the company were exchanged, compared to its average volume of 73,547. The company has a market cap of $4.04 million, a price-to-earnings ratio of -0.87 and a beta of 0.49. Addentax Group has a fifty-two week low of $2.91 and a fifty-two week high of $19.50. The firm’s fifty day moving average is $3.78 and its 200 day moving average is $4.57.

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

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.