Short Interest in adidas AG (OTCMKTS:ADDYY) Increases By 1,125.3%

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

adidas Trading Up 0.6 %

Shares of ADDYY stock opened at $133.49 on Thursday. The firm has a market cap of $47.67 billion, a P/E ratio of 102.68 and a beta of 1.18. The business has a 50-day moving average price of $123.63 and a two-hundred day moving average price of $122.91. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.44. adidas has a 12-month low of $88.03 and a 12-month high of $135.68.

adidas (OTCMKTS:ADDYYGet Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.09 by $0.25. The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.01 billion. adidas had a return on equity of 7.39% and a net margin of 1.91%. Equities analysts anticipate that adidas will post 2.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ADDYY. 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 report 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 company currently has a consensus rating of “Moderate Buy”.

View Our Latest Stock Analysis on adidas

Institutional Trading of adidas

An institutional investor recently raised its position in adidas stock. GAMMA Investing LLC lifted its stake in adidas AG (OTCMKTS:ADDYYFree Report) by 29.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 792 shares of the company’s stock after purchasing an additional 180 shares during the quarter. GAMMA Investing LLC’s holdings in adidas were worth $105,000 as of its most recent filing with the Securities & Exchange Commission.

adidas Company Profile

(Get Free Report)

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.

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