Short Interest in Adecco Group AG (OTCMKTS:AHEXY) Grows By 6,700.0%

Adecco Group AG (OTCMKTS:AHEXYGet Rating) saw a large increase in short interest in April. As of April 30th, there was short interest totalling 20,400 shares, an increase of 6,700.0% from the April 15th total of 300 shares. Based on an average trading volume of 148,800 shares, the days-to-cover ratio is currently 0.1 days.

Several equities research analysts recently commented on AHEXY shares. Deutsche Bank Aktiengesellschaft lowered their price target on Adecco Group from CHF 41 to CHF 36 in a research note on Tuesday. Kepler Capital Markets lowered shares of Adecco Group from a “hold” rating to a “reduce” rating and set a CHF 36 target price on the stock. in a research note on Thursday, April 7th. Morgan Stanley dropped their price target on Adecco Group from CHF 54.50 to CHF 51.50 and set an “equal weight” rating on the stock in a research report on Friday, April 29th. Exane BNP Paribas cut shares of Adecco Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 17th. Finally, JPMorgan Chase & Co. decreased their price objective on Adecco Group from CHF 38 to CHF 35 and set an “underweight” rating on the stock in a report on Friday, May 6th. Four analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $37.44.

Shares of OTCMKTS AHEXY traded up $0.07 during midday trading on Wednesday, reaching $17.03. The company’s stock had a trading volume of 136,002 shares, compared to its average volume of 67,817. Adecco Group has a fifty-two week low of $16.88 and a fifty-two week high of $35.93. The stock has a 50 day simple moving average of $21.19 and a 200-day simple moving average of $23.69. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of -68.12 and a beta of 1.33. The company has a current ratio of 1.63, a quick ratio of 1.70 and a debt-to-equity ratio of 0.72.

Adecco Group (OTCMKTS:AHEXYGet Rating) last announced its quarterly earnings data on Thursday, February 24th. The business services provider reported $0.63 EPS for the quarter. Adecco Group had a negative net margin of 0.31% and a positive return on equity of 11.06%. The company had revenue of $6.28 billion during the quarter. As a group, equities analysts anticipate that Adecco Group will post 2.25 EPS for the current year.

The firm also recently disclosed a dividend, which was paid on Thursday, May 5th. Stockholders of record on Wednesday, April 20th were given a $0.3917 dividend. The ex-dividend date of this dividend was Tuesday, April 19th. This represents a dividend yield of 5.21%. Adecco Group’s payout ratio is -152.00%.

About Adecco Group (Get Rating)

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, technology consulting and talent, tech academy, digital staffing services, and talent advisory and solutions under the Adecco, Adia, General Assembly, Badenoch + Clark, LHH, pontoon, Spring, and Modis.

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