Short Interest in adidas AG (OTCMKTS:ADDYY) Declines By 50.8%

adidas AG (OTCMKTS:ADDYY) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 6,500 shares, a decline of 50.8% from the October 31st total of 13,200 shares. Based on an average daily trading volume, of 82,500 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On adidas

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in shares of adidas by 23.9% during the 2nd quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock valued at $73,000 after buying an additional 118 shares during the last quarter. Capital Square LLC bought a new position in adidas during the 2nd quarter valued at $1,616,000. Finally, Hantz Financial Services Inc. acquired a new position in adidas during the 2nd quarter worth $4,809,000.

adidas Stock Up 0.1 %

ADDYY opened at $116.22 on Friday. The firm’s 50 day moving average is $121.23 and its 200-day moving average is $121.75. adidas has a 52-week low of $88.03 and a 52-week high of $134.39. The firm has a market capitalization of $44.53 billion, a P/E ratio of 89.40 and a beta of 1.22.

adidas (OTCMKTS:ADDYY) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.25. The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.01 billion. adidas had a net margin of 1.91% and a return on equity of 7.93%. Equities analysts expect that adidas will post 2.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on ADDYY shares. Barclays reaffirmed an “equal weight” rating on shares of adidas in a research report on Monday, September 9th. HSBC downgraded adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, adidas currently has a consensus rating of “Moderate Buy”.

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.