Short Interest in Adecco SA (OTCMKTS:AHEXY) Increases By 333.3%

Adecco SA (OTCMKTS:AHEXY) was the recipient of a significant increase in short interest in August. As of August 15th, there was short interest totaling 1,300 shares, anincreaseof333.3% from the July 31st total of 300 shares. Based on an average trading volume of 12,300 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 12,300 shares, the days-to-cover ratio is presently 0.1 days.

Adecco Price Performance

Shares of OTCMKTS AHEXY opened at $15.14 on Thursday. The stock has a market cap of $5.10 billion, a P/E ratio of 16.10, a P/E/G ratio of 1.33 and a beta of 1.18. Adecco has a twelve month low of $11.08 and a twelve month high of $17.47. The stock has a 50 day moving average of $15.84 and a two-hundred day moving average of $14.60. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.83.

Adecco (OTCMKTS:AHEXY) last announced its earnings results on Tuesday, August 5th. The business services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). The business had revenue of $6.71 billion during the quarter, compared to analyst estimates of $5.72 billion. Adecco had a net margin of 1.26% and a return on equity of 10.94%. On average, research analysts forecast that Adecco will post 1.32 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on AHEXY. Cfra Research raised shares of Adecco from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, August 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of Adecco in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

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.