Adidas AG (OTCMKTS:ADDYY) Short Interest Down 42.4% in March

Adidas AG (OTCMKTS:ADDYY) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 32,041 shares, a drop of 42.4% from the February 26th total of 55,598 shares. Based on an average daily trading volume, of 274,357 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Adidas Stock Performance

OTCMKTS ADDYY opened at $75.74 on Friday. Adidas has a fifty-two week low of $75.62 and a fifty-two week high of $126.59. The firm has a market capitalization of $27.05 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 1.08 and a beta of 1.15. The stock’s fifty day moving average is $86.72 and its two-hundred day moving average is $95.21. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.71 and a current ratio of 1.31.

Adidas (OTCMKTS:ADDYY) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Adidas had a return on equity of 22.58% and a net margin of 5.36%.The company had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $6.15 billion. On average, research analysts anticipate that Adidas will post 2.27 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Adidas stock. Madison Asset Management LLC lifted its stake in Adidas AG (OTCMKTS:ADDYY) by 10.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 22,543 shares of the company’s stock after acquiring an additional 2,101 shares during the quarter. Madison Asset Management LLC’s holdings in Adidas were worth $2,228,000 at the end of the most recent reporting period.

Wall Street Analysts Forecast Growth

ADDYY has been the subject of several recent analyst reports. Bank of America reissued an “underperform” rating on shares of Adidas in a report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adidas in a research report on Wednesday, December 10th. Zacks Research lowered Adidas from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Sanford C. Bernstein restated an “outperform” rating and issued a $146.02 target price on shares of Adidas in a research report on Tuesday, January 6th. Finally, Royal Bank Of Canada cut Adidas from an “outperform” rating to a “sector perform” rating in a research report on Friday, January 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Adidas currently has a consensus rating of “Moderate Buy” and an average price target of $146.02.

About Adidas

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.