Short Interest in Adecco Group AG (OTCMKTS:AHEXY) Rises By 137.8%

Adecco Group AG (OTCMKTS:AHEXY) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 34,000 shares, an increase of 137.8% from the November 30th total of 14,300 shares. Based on an average trading volume of 316,000 shares, the short-interest ratio is currently 0.1 days.

Adecco Group Price Performance

Shares of AHEXY stock opened at $12.24 on Friday. The firm’s 50 day moving average price is $13.77 and its two-hundred day moving average price is $15.69. The stock has a market cap of $4.12 billion, a PE ratio of 12.75, a PEG ratio of 1.38 and a beta of 1.38. Adecco Group has a 52-week low of $11.90 and a 52-week high of $24.70. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.01.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Adecco Group in a research report on Thursday, December 5th. They issued an “underweight” rating for the company. Royal Bank of Canada upgraded Adecco Group from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, November 6th. BNP Paribas upgraded Adecco Group to a “hold” rating in a report on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft raised Adecco Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Adecco Group Company Profile

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.