Short Interest in adidas AG (OTCMKTS:ADDYY) Decreases By 90.1%

adidas AG (OTCMKTS:ADDYY) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 9,100 shares, a drop of 90.1% from the December 31st total of 91,900 shares. Based on an average daily trading volume, of 93,500 shares, the days-to-cover ratio is currently 0.1 days.

adidas Price Performance

Shares of ADDYY traded up $0.80 during midday trading on Thursday, hitting $133.49. 39,378 shares of the company traded hands, compared to its average volume of 41,778. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.32. adidas has a 52 week low of $88.03 and a 52 week high of $135.68. The firm has a 50 day moving average of $124.04 and a 200-day moving average of $122.98. The stock has a market cap of $47.67 billion, a price-to-earnings ratio of 102.68 and a beta of 1.18.

adidas (OTCMKTS:ADDYY) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.25. adidas had a net margin of 1.91% and a return on equity of 7.39%. The firm had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.01 billion. On average, analysts forecast that adidas will post 2.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. HSBC downgraded adidas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Sanford C. Bernstein upgraded adidas from a “market perform” rating to an “outperform” rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Institutional Trading of adidas

A hedge fund recently raised its stake in adidas stock. GAMMA Investing LLC boosted its holdings in shares of adidas AG (OTCMKTS:ADDYY) by 29.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 792 shares of the company’s stock after acquiring an additional 180 shares during the period. GAMMA Investing LLC’s holdings in adidas were worth $105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.