Short Interest in adidas AG (OTCMKTS:ADDDF) Drops By 57.8%

adidas AG (OTCMKTS:ADDDF) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 506,000 shares, a drop of 57.8% from the November 15th total of 1,200,000 shares. Based on an average trading volume of 700 shares, the days-to-cover ratio is presently 722.9 days.

adidas Stock Up 2.6 %

Shares of adidas stock opened at $251.00 on Thursday. adidas has a twelve month low of $175.25 and a twelve month high of $270.25. The firm’s 50-day moving average price is $241.23 and its 200 day moving average price is $242.85.

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.