Short Interest in Adecco SA (OTCMKTS:AHEXY) Rises By 56.7%

Adecco SA (OTCMKTS:AHEXY) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 9,670 shares, a growth of 56.7% from the January 15th total of 6,172 shares. Based on an average daily volume of 24,899 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 24,899 shares, the days-to-cover ratio is currently 0.4 days.

Adecco Trading Up 0.7%

Adecco stock opened at $13.86 on Friday. Adecco has a 52-week low of $12.03 and a 52-week high of $16.89. The company has a market cap of $4.64 billion, a P/E ratio of 14.90, a P/E/G ratio of 1.07 and a beta of 1.04. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.78. The business has a 50-day simple moving average of $14.30 and a two-hundred day simple moving average of $14.64.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AHEXY. Jefferies Financial Group downgraded shares of Adecco from a “hold” rating to a “moderate sell” rating in a research note on Thursday, January 8th. Zacks Research raised Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, BNP Paribas Exane downgraded Adecco from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Adecco currently has a consensus rating of “Moderate Buy”.

Adecco Company Profile

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.