adidas AG (OTCMKTS:ADDYY) Short Interest Update

adidas AG (OTCMKTS:ADDYY) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 3,300 shares, an increase of 13.8% from the August 31st total of 2,900 shares. Based on an average trading volume of 104,700 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Telsey Advisory Group raised shares of adidas from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 17th. Barclays reaffirmed an “equal weight” rating on shares of adidas in a research report on Monday, September 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Institutional Investors Weigh In On adidas

Several hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. bought a new position in adidas in the second quarter worth $4,809,000. Capital Square LLC bought a new stake in shares of adidas during the 2nd quarter valued at $1,616,000. Fisher Asset Management LLC grew its position in shares of adidas by 27.5% in the 4th quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock worth $1,296,000 after buying an additional 2,749 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of adidas by 23.9% in the 2nd quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock worth $73,000 after acquiring an additional 118 shares in the last quarter.

adidas Trading Up 1.9 %

OTCMKTS:ADDYY opened at $133.40 on Friday. adidas has a 12 month low of $81.88 and a 12 month high of $134.38. 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 moving average price of $122.63 and a 200-day moving average price of $119.84. The stock has a market cap of $51.12 billion, a price-to-earnings ratio of 317.62 and a beta of 1.21.

adidas (OTCMKTS:ADDYY) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.11). adidas had a net margin of 1.10% and a return on equity of 3.75%. The firm had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.35 billion. Equities analysts predict that adidas will post 1.9 EPS for the current year.

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.