Addentax Group Corp. (NASDAQ:ATXG) Short Interest Down 56.3% in June

Addentax Group Corp. (NASDAQ:ATXG) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 6,200 shares, a decrease of 56.3% from the May 31st total of 14,200 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 29,400 shares, the days-to-cover ratio is currently 0.2 days.

Addentax Group Price Performance

ATXG stock remained flat at $0.78 during trading on Friday. The company had a trading volume of 9,119 shares, compared to its average volume of 32,213. The firm’s 50-day moving average price is $0.96 and its 200-day moving average price is $1.05. The company has a quick ratio of 5.53, a current ratio of 5.58 and a debt-to-equity ratio of 0.10. Addentax Group has a 12-month low of $0.76 and a 12-month high of $12.00.

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.