Adidas AG (OTCMKTS:ADDYY) Short Interest Update

Adidas AG (OTCMKTS:ADDYY) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 41,200 shares, a decline of 64.5% from the August 15th total of 116,100 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 174,200 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 174,200 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Adidas by 13,801.2% during the first quarter. GAMMA Investing LLC now owns 124,694 shares of the company’s stock valued at $14,710,000 after purchasing an additional 123,797 shares during the period. Mar Vista Investment Partners LLC grew its position in shares of Adidas by 4.0% in the 2nd quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock valued at $3,550,000 after purchasing an additional 1,180 shares during the period. Rhumbline Advisers grew its position in shares of Adidas by 7.9% in the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock valued at $1,139,000 after purchasing an additional 709 shares during the period. Finally, Yousif Capital Management LLC boosted its holdings in shares of Adidas by 9.4% in the second quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock valued at $607,000 after buying an additional 450 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ADDYY. DZ Bank raised Adidas from a “hold” rating to a “strong-buy” rating in a report on Friday, May 23rd. Jefferies Financial Group raised shares of Adidas from a “hold” rating to a “buy” rating in a report on Wednesday, September 3rd. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Adidas Price Performance

Shares of ADDYY stock opened at $103.77 on Friday. Adidas has a 1 year low of $94.33 and a 1 year high of $137.73. The firm’s 50 day moving average is $106.06 and its 200-day moving average is $114.62. The firm has a market capitalization of $37.06 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 0.57 and a beta of 1.16. The company has a current ratio of 1.29, a quick ratio of 0.72 and a debt-to-equity ratio of 0.31.

Adidas (OTCMKTS:ADDYY) last announced its earnings results on Wednesday, July 30th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. Adidas had a net margin of 4.93% and a return on equity of 20.68%. The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.30 billion. Sell-side analysts forecast that Adidas will post 2.27 EPS for the current fiscal year.

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.