Short Interest in adidas AG (OTCMKTS:ADDDF) Drops By 27.2%

adidas AG (OTCMKTS:ADDDF) saw a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 1,188,800 shares, a drop of 27.2% from the March 31st total of 1,631,900 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is presently 1,698.3 days.

adidas Stock Performance

OTCMKTS ADDDF opened at $245.10 on Friday. The company has a 50-day moving average price of $216.46 and a two-hundred day moving average price of $200.87. adidas has a 52 week low of $157.95 and a 52 week high of $250.00.

About adidas

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.