adidas AG (OTCMKTS:ADDYY) Short Interest Up 63.6% in September

adidas AG (OTCMKTS:ADDYY) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 5,400 shares, a growth of 63.6% from the September 15th total of 3,300 shares. Based on an average daily volume of 71,300 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

ADDYY has been the topic of several research reports. Barclays restated an “equal weight” rating on shares of adidas in a report on Monday, September 9th. Telsey Advisory Group upgraded adidas from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, adidas currently has a consensus rating of “Moderate Buy”.

adidas Stock Up 0.4 %

Shares of OTCMKTS:ADDYY opened at $128.07 on Friday. The business’s 50-day moving average is $123.64 and its 200 day moving average is $121.25. adidas has a 1 year low of $84.71 and a 1 year high of $134.38.

adidas (OTCMKTS:ADDYY) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.11). The company had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.35 billion. adidas had a net margin of 1.10% and a return on equity of 3.75%. On average, equities research analysts predict that adidas will post 1.97 EPS for the current year.

Institutional Investors Weigh In On adidas

A number of large investors have recently made changes to their positions in ADDYY. GAMMA Investing LLC lifted its position in adidas by 23.9% during the 2nd quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock worth $73,000 after acquiring an additional 118 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of adidas by 27.5% during the fourth quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock worth $1,296,000 after purchasing an additional 2,749 shares during the period. Capital Square LLC purchased a new stake in adidas in the second quarter valued at approximately $1,616,000. Finally, Hantz Financial Services Inc. acquired a new position in adidas in the 2nd quarter worth approximately $4,809,000.

About adidas

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.