Adecco Group AG (OTCMKTS:AHEXY) Short Interest Up 477.5% in October

Adecco Group AG (OTCMKTS:AHEXY) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 79,700 shares, a growth of 477.5% from the September 30th total of 13,800 shares. Based on an average trading volume of 84,000 shares, the short-interest ratio is presently 0.9 days.

Adecco Group Price Performance

Shares of OTCMKTS:AHEXY opened at $16.11 on Friday. The firm has a 50 day moving average of $16.47 and a 200-day moving average of $17.26. Adecco Group has a 12 month low of $15.58 and a 12 month high of $24.70. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $5.43 billion, a PE ratio of 16.11, a PEG ratio of 1.19 and a beta of 1.44.

Adecco Group (OTCMKTS:AHEXY) last announced its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.34 earnings per share (EPS) for the quarter. Adecco Group had a net margin of 1.28% and a return on equity of 13.25%. The business had revenue of $6.29 billion for the quarter. On average, equities research analysts predict that Adecco Group will post 1.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised Adecco Group from a “hold” rating to a “buy” rating in a report on Wednesday.

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.