Short Interest in Adidas AG (OTCMKTS:ADDYY) Drops By 30.8%

Adidas AG (OTCMKTS:ADDYY) saw a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 59,648 shares, a decrease of 30.8% from the January 15th total of 86,188 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 347,344 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 347,344 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Adidas Price Performance

OTCMKTS:ADDYY opened at $91.94 on Friday. Adidas has a 12-month low of $84.03 and a 12-month high of $136.62. The firm has a market cap of $32.83 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 0.41 and a beta of 1.18. The company’s 50-day moving average is $93.81 and its two-hundred day moving average is $98.20. The company has a current ratio of 1.31, a quick ratio of 0.71 and a debt-to-equity ratio of 0.31.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ADDYY shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $146.02 price objective on shares of Adidas in a research report on Tuesday, January 6th. Santander started coverage on shares of Adidas in a research report on Thursday, January 15th. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adidas in a report on Wednesday, December 10th. Citigroup reissued a “buy” rating on shares of Adidas in a research note on Tuesday, February 3rd. Finally, Royal Bank Of Canada downgraded Adidas from an “outperform” rating to a “sector perform” rating in a research report on Friday, January 23rd. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $146.02.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Madison Asset Management LLC boosted its holdings in shares of Adidas by 10.3% during the fourth quarter. Madison Asset Management LLC now owns 22,543 shares of the company’s stock worth $2,228,000 after purchasing an additional 2,101 shares during the last quarter. Mar Vista Investment Partners LLC increased its stake in Adidas by 4.0% in the second quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock valued at $3,550,000 after purchasing an additional 1,180 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its position in Adidas by 9.4% during the second quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock worth $607,000 after buying an additional 450 shares during the period.

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.