Short Interest in adidas AG (OTCMKTS:ADDDF) Drops By 57.8%

adidas AG (OTCMKTS:ADDDF) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 506,000 shares, a drop of 57.8% from the November 15th total of 1,200,000 shares. Based on an average trading volume of 700 shares, the short-interest ratio is currently 722.9 days.

adidas Stock Down 2.5 %

ADDDF stock traded down $6.22 during mid-day trading on Wednesday, hitting $244.53. The company had a trading volume of 206 shares, compared to its average volume of 1,119. The company has a 50-day moving average price of $241.46 and a 200 day moving average price of $242.79. adidas has a 12-month low of $175.25 and a 12-month high of $270.25.

About adidas

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.