Short Interest in adidas AG (OTCMKTS:ADDYY) Decreases By 20.2%

adidas AG (OTCMKTS:ADDYY) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 7,500 shares, a decline of 20.2% from the November 30th total of 9,400 shares. Based on an average trading volume of 76,600 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of adidas

Several institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. acquired a new stake in shares of adidas in the 2nd quarter valued at about $4,809,000. GAMMA Investing LLC boosted its holdings in shares of adidas by 29.4% in the third quarter. GAMMA Investing LLC now owns 792 shares of the company’s stock valued at $105,000 after acquiring an additional 180 shares during the period. Finally, Capital Square LLC purchased a new position in shares of adidas during the second quarter worth approximately $1,616,000.

Wall Street Analyst Weigh In

ADDYY has been the topic of several analyst reports. Barclays reiterated an “equal weight” rating on shares of adidas in a research note on Monday, September 9th. HSBC cut adidas from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

adidas Price Performance

OTCMKTS:ADDYY opened at $122.71 on Monday. The firm has a market capitalization of $43.82 billion, a PE ratio of 94.39 and a beta of 1.20. The business’s fifty day moving average price is $119.74 and its 200 day moving average price is $121.77. adidas has a 12 month low of $88.03 and a 12 month high of $134.39.

adidas (OTCMKTS:ADDYY) last issued its earnings results on Tuesday, October 29th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.25. The business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.01 billion. adidas had a return on equity of 7.93% and a net margin of 1.91%. As a group, equities analysts anticipate that adidas will post 2.15 EPS for the current year.

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.