adidas AG (OTCMKTS:ADDDF) Sees Large Drop in Short Interest

adidas AG (OTCMKTS:ADDDF) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 811,000 shares, a decrease of 22.2% from the September 30th total of 1,042,300 shares. Based on an average daily volume of 600 shares, the short-interest ratio is presently 1,351.7 days.

adidas Stock Performance

ADDDF stock opened at $220.01 on Wednesday. adidas has a twelve month low of $170.66 and a twelve month high of $270.25. The business has a 50 day moving average price of $248.62 and a two-hundred day moving average price of $243.71.

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.