Adidas AG (OTCMKTS:ADDYY) Short Interest Down 57.6% in October

Adidas AG (OTCMKTS:ADDYY) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 37,100 shares, a decrease of 57.6% from the September 30th total of 87,400 shares. Based on an average daily volume of 79,000 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 79,000 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Adidas

Several institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in Adidas by 17.8% during the first quarter. GAMMA Investing LLC now owns 1,057 shares of the company’s stock valued at $125,000 after buying an additional 160 shares during the period. Yousif Capital Management LLC increased its holdings in Adidas by 9.4% during 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. Rhumbline Advisers increased its holdings in Adidas by 7.9% during the first quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock valued at $1,139,000 after buying an additional 709 shares during the period. Finally, Mar Vista Investment Partners LLC increased its holdings in Adidas by 4.0% during the second quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock valued at $3,550,000 after buying an additional 1,180 shares during the period.

Adidas Stock Performance

Shares of OTCMKTS:ADDYY opened at $96.17 on Thursday. The firm has a market cap of $34.34 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 0.59 and a beta of 1.22. The firm’s 50 day simple moving average is $105.80 and its 200-day simple moving average is $112.06. Adidas has a one year low of $94.33 and a one year high of $137.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.67 and a current ratio of 1.25.

Adidas (OTCMKTS:ADDYY) last issued its earnings results on Wednesday, October 29th. The company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.07). The company had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $6.22 billion. Adidas had a return on equity of 20.66% and a net margin of 4.93%. As a group, equities analysts predict that Adidas will post 2.27 EPS for the current year.

Wall Street Analysts Forecast Growth

ADDYY has been the topic of a number of recent analyst reports. Jefferies Financial Group raised shares of Adidas from a “hold” rating to a “buy” rating in a research report on Wednesday, September 3rd. BTIG Research initiated coverage on shares of Adidas in a research report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Adidas Company Profile

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.