adidas AG (OTCMKTS:ADDYY) Short Interest Update

adidas AG (OTCMKTS:ADDYY) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 91,900 shares, an increase of 1,125.3% from the December 15th total of 7,500 shares. Based on an average daily volume of 88,300 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On adidas

An institutional investor recently raised its position in adidas stock. GAMMA Investing LLC increased its holdings in shares of adidas AG (OTCMKTS:ADDYY) by 29.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 792 shares of the company’s stock after acquiring an additional 180 shares during the period. GAMMA Investing LLC’s holdings in adidas were worth $105,000 as of its most recent SEC filing.

adidas Stock Performance

Shares of ADDYY opened at $122.05 on Wednesday. The stock has a market capitalization of $43.58 billion, a P/E ratio of 93.88 and a beta of 1.18. adidas has a 1 year low of $88.03 and a 1 year high of $134.39. The company’s fifty day moving average is $120.74 and its two-hundred day moving average is $122.16.

adidas (OTCMKTS:ADDYY) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.25. The business 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%. Sell-side analysts predict that adidas will post 2.15 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on ADDYY shares. Sanford C. Bernstein raised adidas from a “market perform” rating to an “outperform” rating in a report on Monday, January 6th. HSBC cut adidas from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

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.