Short Interest in Adecco SA (OTCMKTS:AHEXY) Declines By 92.3%

Adecco SA (OTCMKTS:AHEXY) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 100 shares, a decline of 92.3% from the August 15th total of 1,300 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,300 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 5,300 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AHEXY shares. Jefferies Financial Group upgraded shares of Adecco from a “moderate sell” rating to a “hold” rating in a research report on Thursday. Royal Bank Of Canada restated an “outperform” rating on shares of Adecco in a research report on Tuesday, August 12th. Finally, Cfra Research upgraded shares of Adecco from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Adecco Trading Down 0.1%

Shares of Adecco stock opened at $14.12 on Friday. The firm has a market capitalization of $4.76 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 1.18 and a beta of 1.18. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.83. The firm’s 50 day moving average is $15.74 and its 200 day moving average is $14.69. Adecco has a 1 year low of $11.08 and a 1 year high of $17.47.

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