Adecco SA (OTCMKTS:AHEXY) Short Interest Down 25.6% in February

Adecco SA (OTCMKTS:AHEXY) saw a large decrease in short interest in February. As of February 13th, there was short interest totaling 7,198 shares, a decrease of 25.6% from the January 29th total of 9,670 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 27,571 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 27,571 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Adecco Price Performance

Shares of OTCMKTS:AHEXY opened at $14.21 on Monday. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 14.21, a P/E/G ratio of 1.11 and a beta of 1.04. The firm has a fifty day moving average price of $14.31 and a 200 day moving average price of $14.48. Adecco has a fifty-two week low of $12.19 and a fifty-two week high of $16.89. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.04 and a current ratio of 1.04.

Adecco (OTCMKTS:AHEXY) last announced its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.35 by $0.09. Adecco had a net margin of 1.28% and a return on equity of 12.09%. The business had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.95 billion. As a group, sell-side analysts expect that Adecco will post 1.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AHEXY has been the subject of a number of recent analyst reports. BNP Paribas Exane lowered shares of Adecco from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Jefferies Financial Group cut shares of Adecco from a “hold” rating to a “moderate sell” rating in a research note on Thursday, January 8th. Finally, Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About Adecco

Adecco Group AG is a global human resources and workforce solutions provider headquartered in Zurich, Switzerland. The company specializes in temporary staffing, permanent placement, career transition, and talent development services. Its core business activities include matching job seekers with client companies, managing contingent workforce solutions, and offering consulting services related to workforce management and organizational effectiveness.

Founded in 1996 through the merger of the Swiss companies Adia Interim and ECCO, Adecco has grown into one of the world’s largest staffing firms.