adidas AG (OTCMKTS:ADDYY) Short Interest Update

adidas AG (OTCMKTS:ADDYY) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 9,500 shares, a drop of 80.6% from the May 31st total of 48,900 shares. Based on an average daily trading volume, of 69,500 shares, the days-to-cover ratio is presently 0.1 days.

adidas Trading Up 0.2 %

Shares of adidas stock opened at $119.86 on Friday. adidas has a twelve month low of $81.88 and a twelve month high of $127.98. The company has a current ratio of 1.22, a quick ratio of 0.66 and a debt-to-equity ratio of 0.49. The company has a 50-day simple moving average of $121.71 and a two-hundred day simple moving average of $108.82.

adidas (OTCMKTS:ADDYY) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.17). adidas had a return on equity of 1.69% and a net margin of 0.64%. The business had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.81 billion. Equities research analysts predict that adidas will post 1.68 EPS for the current year.

adidas Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, May 29th. Shareholders of record on Monday, May 20th were paid a $0.2394 dividend. The ex-dividend date of this dividend was Friday, May 17th. adidas’s dividend payout ratio (DPR) is 57.14%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ADDYY shares. Morgan Stanley upgraded shares of adidas from an “underweight” rating to an “overweight” rating in a research note on Monday, April 15th. Stifel Nicolaus upgraded shares of adidas from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Hedge Funds Weigh In On adidas

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in adidas in the 4th quarter valued at about $45,000. Fisher Asset Management LLC increased its holdings in adidas by 27.5% in the 4th quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock valued at $1,296,000 after buying an additional 2,749 shares during the period. Capital Square LLC bought a new position in adidas in the 4th quarter valued at about $1,405,000. Finally, Mar Vista Investment Partners LLC increased its holdings in adidas by 8.0% in the 4th quarter. Mar Vista Investment Partners LLC now owns 27,044 shares of the company’s stock valued at $2,749,000 after buying an additional 2,000 shares during the period.

adidas Company Profile

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.