Adecco SA (OTCMKTS:AHEXY) Short Interest Update

Adecco SA (OTCMKTS:AHEXY) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 9,900 shares, a growth of 9,800.0% from the August 31st total of 100 shares. Based on an average daily volume of 13,300 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 13,300 shares, the short-interest ratio is currently 0.7 days.

Adecco Stock Down 0.7%

Adecco stock opened at $14.02 on Wednesday. The company’s 50-day moving average is $15.20 and its 200-day moving average is $14.60. The firm has a market capitalization of $4.72 billion, a PE ratio of 14.91, a P/E/G ratio of 1.18 and a beta of 1.18. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.03 and a quick ratio of 1.03. Adecco has a fifty-two week low of $11.08 and a fifty-two week high of $16.89.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings data on Tuesday, August 5th. The business services provider reported $0.26 earnings per share 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 10.94%. The company had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $5.72 billion. Sell-side analysts anticipate that Adecco will post 1.32 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on AHEXY. Sanford C. Bernstein raised Adecco from a “hold” rating to an “outperform” rating in a research note on Monday, September 22nd. Jefferies Financial Group raised shares of Adecco from a “moderate sell” rating to a “hold” rating in a research note on Thursday, September 11th. Royal Bank Of Canada restated an “outperform” rating on shares of Adecco in a report on Tuesday, August 12th. Finally, Cfra Research upgraded Adecco from a “moderate sell” rating to a “hold” rating in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

About Adecco

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.