Short Interest in Adecco SA (OTCMKTS:AHEXY) Decreases By 72.7%

Adecco SA (OTCMKTS:AHEXY) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 300 shares, adecreaseof72.7% from the July 15th total of 1,100 shares. Currently,0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 18,900 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 18,900 shares, the short-interest ratio is currently 0.0 days. Currently,0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Several brokerages have recently weighed in on AHEXY. Cfra Research raised Adecco from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, August 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of Adecco in a research note on Tuesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Adecco Trading Down 1.1%

Shares of AHEXY stock opened at $15.99 on Friday. Adecco has a 1-year low of $11.08 and a 1-year high of $17.47. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The stock has a 50-day moving average of $15.38 and a 200-day moving average of $14.24. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 1.35 and a beta of 1.20.

Adecco (OTCMKTS:AHEXY) last announced its earnings results on Tuesday, August 5th. The business services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.02). Adecco had a net margin of 1.26% and a return on equity of 10.85%. The business had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $5.72 billion. On average, equities research analysts forecast that Adecco will post 1.32 earnings per share for the current year.

Adecco Company Profile

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, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.