adidas AG (OTCMKTS:ADDYY) Short Interest Up 51.9% in October

adidas AG (OTCMKTS:ADDYY) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 8,200 shares, an increase of 51.9% from the September 30th total of 5,400 shares. Based on an average daily volume of 82,300 shares, the short-interest ratio is presently 0.1 days.

adidas Stock Performance

ADDYY stock opened at $116.89 on Friday. The firm has a 50 day moving average price of $124.33 and a 200-day moving average price of $121.95. adidas has a 52-week low of $84.71 and a 52-week high of $134.39. The firm has a market capitalization of $44.79 billion, a price-to-earnings ratio of 278.31 and a beta of 1.21.

adidas (OTCMKTS:ADDYY) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). adidas had a net margin of 1.10% and a return on equity of 3.75%. The company had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.35 billion. As a group, sell-side analysts forecast that adidas will post 1.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ADDYY has been the subject of several research analyst reports. Telsey Advisory Group upgraded adidas from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 17th. Barclays reaffirmed an “equal weight” rating on shares of adidas in a research note on Monday, September 9th. Finally, HSBC downgraded shares of adidas from a “buy” rating to a “hold” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On adidas

A number of hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in adidas by 23.9% in the 2nd quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock valued at $73,000 after acquiring an additional 118 shares in the last quarter. Capital Square LLC purchased a new position in shares of adidas in the second quarter worth $1,616,000. Finally, Hantz Financial Services Inc. bought a new position in shares of adidas during the second quarter valued at $4,809,000.

adidas Company Profile

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.