Addentax Group Corp. (NASDAQ:ATXG) Sees Large Decline in Short Interest

Addentax Group Corp. (NASDAQ:ATXG) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 34,600 shares, a decrease of 12.6% from the December 31st total of 39,600 shares. Based on an average trading volume of 19,600 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.4% of the shares of the company are sold short.

Addentax Group Trading Down 4.6 %

Addentax Group stock opened at $0.66 on Friday. Addentax Group has a 52-week low of $0.49 and a 52-week high of $1.77. The company has a quick ratio of 11.46, a current ratio of 11.54 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $2.83 million, a price-to-earnings ratio of -0.88 and a beta of 1.21. The firm has a 50-day moving average price of $0.65 and a two-hundred day moving average price of $0.64.

Addentax Group Company Profile

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.