Addentax Group Corp. (NASDAQ:ATXG – Get Free Report) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 17,800 shares, a decrease of 28.5% from the February 13th total of 24,900 shares. Based on an average daily trading volume, of 29,000 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the company’s stock are short sold.
Insider Activity at Addentax Group
In other news, CEO Hong Zhida acquired 24,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $1.09 per share, for a total transaction of $26,160.00. Following the purchase, the chief executive officer now owns 245,894 shares in the company, valued at approximately $268,024.46. This represents a 10.82 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders purchased 27,195 shares of company stock valued at $29,169. 3.37% of the stock is owned by insiders.
Addentax Group Stock Performance
ATXG stock opened at $0.91 on Monday. The business has a 50 day moving average of $0.86 and a 200-day moving average of $0.70. The firm has a market cap of $3.90 million, a PE ratio of -3.24 and a beta of 0.85. Addentax Group has a 12-month low of $0.49 and a 12-month high of $1.44. The company has a quick ratio of 8.59, a current ratio of 8.64 and a debt-to-equity ratio of 0.12.
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.
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