Short Interest in Addentax Group Corp. (NASDAQ:ATXG) Increases By 47.2%

Addentax Group Corp. (NASDAQ:ATXG) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 39,600 shares, an increase of 47.2% from the December 15th total of 26,900 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average trading volume of 20,700 shares, the short-interest ratio is currently 1.9 days.

Addentax Group Stock Up 4.4 %

Shares of NASDAQ:ATXG traded up $0.03 on Friday, hitting $0.71. 8,394 shares of the company traded hands, compared to its average volume of 42,118. The stock has a 50 day simple moving average of $0.63 and a 200-day simple moving average of $0.65. 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 company has a market cap of $3.03 million, a PE ratio of -0.94 and a beta of 1.21. Addentax Group has a 52 week low of $0.49 and a 52 week high of $1.77.

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.