Short Interest in adidas AG (OTCMKTS:ADDYY) Drops By 95.9%

adidas AG (OTCMKTS:ADDYY) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 2,900 shares, a decline of 95.9% from the August 15th total of 71,000 shares. Based on an average daily volume of 42,100 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Several equities analysts have commented on ADDYY shares. Barclays reiterated an “equal weight” rating on shares of adidas in a research note on Monday. Telsey Advisory Group upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 17th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, adidas has an average rating of “Moderate Buy”.

adidas Stock Up 2.5 %

ADDYY opened at $121.49 on Friday. adidas has a one year low of $81.88 and a one year high of $130.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.66 and a current ratio of 1.22. The stock has a market capitalization of $46.55 billion, a P/E ratio of 289.26 and a beta of 1.21. The business’s 50-day simple moving average is $122.40 and its 200-day simple moving average is $118.01.

adidas (OTCMKTS:ADDYY) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.11). The firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.35 billion. adidas had a return on equity of 3.75% and a net margin of 1.10%. Analysts anticipate that adidas will post 1.8 EPS for the current year.

Institutional Trading of adidas

Several institutional investors and hedge funds have recently bought and sold shares of the business. Hantz Financial Services Inc. acquired a new position in adidas in the second quarter valued at $4,809,000. Mar Vista Investment Partners LLC boosted its stake in shares of adidas by 8.0% during the fourth quarter. Mar Vista Investment Partners LLC now owns 27,044 shares of the company’s stock worth $2,749,000 after buying an additional 2,000 shares during the period. Capital Square LLC purchased a new position in shares of adidas during the second quarter worth about $1,616,000. Fisher Asset Management LLC increased its position in adidas by 27.5% in the 4th quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock valued at $1,296,000 after acquiring an additional 2,749 shares during the period. Finally, GAMMA Investing LLC raised its stake in 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 acquiring an additional 118 shares during the last quarter.

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.