adidas AG (OTCMKTS:ADDYY) Sees Significant Drop in Short Interest

adidas AG (OTCMKTS:ADDYY) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 6,500 shares, a decrease of 50.8% from the October 31st total of 13,200 shares. Based on an average trading volume of 82,500 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Several brokerages have issued reports on ADDYY. HSBC cut shares of adidas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Barclays restated an “equal weight” rating on shares of adidas in a research report on Monday, September 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

adidas Trading Up 0.1 %

adidas stock opened at $116.22 on Thursday. adidas has a 1-year low of $88.03 and a 1-year high of $134.39. The firm has a market capitalization of $44.53 billion, a price-to-earnings ratio of 89.40 and a beta of 1.22. The firm’s fifty day moving average price is $121.40 and its two-hundred day moving average price is $121.78.

adidas (OTCMKTS:ADDYY) last released its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 earnings per share 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 7.93%. The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.01 billion. On average, research analysts forecast that adidas will post 2.06 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of adidas by 23.9% during the second quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock valued at $73,000 after purchasing an additional 118 shares in the last quarter. Capital Square LLC purchased a new stake in adidas during the second quarter worth about $1,616,000. Finally, Hantz Financial Services Inc. purchased a new stake in adidas during the second quarter worth about $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.