Adecco Group AG (OTCMKTS:AHEXY) Short Interest Down 63.9% in August

Adecco Group AG (OTCMKTS:AHEXY) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 6,000 shares, a decline of 63.9% from the August 15th total of 16,600 shares. Based on an average daily volume of 60,300 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Barclays upgraded shares of Adecco Group to a “strong-buy” rating in a report on Wednesday, June 26th.

Adecco Group Trading Up 1.2 %

Shares of Adecco Group stock opened at $15.93 on Friday. The stock has a market capitalization of $5.37 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 0.82 and a beta of 1.44. Adecco Group has a 52 week low of $15.58 and a 52 week high of $24.70. The stock has a 50 day moving average price of $16.62 and a two-hundred day moving average price of $17.92. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.00 and a current ratio of 1.00.

Adecco Group (OTCMKTS:AHEXY) last announced its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.34 EPS for the quarter. The business had revenue of $6.29 billion during the quarter. Adecco Group had a net margin of 1.28% and a return on equity of 13.25%. As a group, equities analysts anticipate that Adecco Group will post 1.51 earnings per share for the current fiscal year.

Adecco Group Company Profile

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.