adidas AG (OTCMKTS:ADDYY) Short Interest Update

adidas AG (OTCMKTS:ADDYY – Get Rating) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 24,700 shares, an increase of 243.1% from the March 31st total of 7,200 shares. Based on an average daily volume of 197,300 shares, the short-interest ratio is currently 0.1 days.

Shares of adidas stock opened at $96.33 on Thursday. The stock has a market capitalization of $37.58 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.31. The company has a 50-day simple moving average of $113.64 and a 200 day simple moving average of $136.29. adidas has a 12-month low of $93.86 and a 12-month high of $199.44.

adidas (OTCMKTS:ADDYY – Get Rating) last announced its earnings results on Wednesday, March 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.19. The business had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.83 billion. adidas had a net margin of 10.01% and a return on equity of 18.90%. On average, equities analysts anticipate that adidas will post 5.23 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of ADDYY. PNC Financial Services Group Inc. increased its position in adidas by 78.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 520 shares of the company’s stock valued at $82,000 after acquiring an additional 229 shares in the last quarter. Private Capital Group LLC increased its position in adidas by 14.6% in the 1st quarter. Private Capital Group LLC now owns 713 shares of the company’s stock valued at $84,000 after acquiring an additional 91 shares in the last quarter. Castleview Partners LLC acquired a new stake in adidas in the 4th quarter valued at about $172,000. Captrust Financial Advisors increased its position in adidas by 11.8% in the 3rd quarter. Captrust Financial Advisors now owns 1,423 shares of the company’s stock valued at $225,000 after acquiring an additional 150 shares in the last quarter. Finally, Laffer Tengler Investments increased its position in adidas by 30.5% in the 3rd quarter. Laffer Tengler Investments now owns 1,817 shares of the company’s stock valued at $287,000 after acquiring an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 0.03% of the company’s stock.

ADDYY has been the subject of a number of research reports. HSBC raised shares of adidas from a “hold” rating to a “buy” rating in a report on Friday, March 11th. UBS Group dropped their price objective on shares of adidas from €359.00 ($386.02) to €348.00 ($374.19) and set a “buy” rating for the company in a research note on Tuesday, April 12th. Baader Bank cut shares of adidas to a “reduce” rating and set a €190.00 ($204.30) price objective for the company. in a research note on Wednesday, April 13th. Robert W. Baird upgraded shares of adidas from a “neutral” rating to an “outperform” rating in a research note on Friday, March 25th. Finally, Zacks Investment Research upgraded shares of adidas from a “sell” rating to a “hold” rating in a research note on Wednesday, March 16th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $268.50.

About adidas (Get Rating)

adidas AG, together with its subsidiaries, designs, develops, distributes, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and accessories and gear, such as bags and balls under the adidas brand. It sells its products through approximately 2,200 own-retail stores; mono-branded franchise stores and shop-in-shops; and wholesale and its e-commerce channels.

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