Short Interest in adidas AG (OTCMKTS:ADDYY) Rises By 44.6%

adidas AG (OTCMKTS:ADDYY) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 9,400 shares, an increase of 44.6% from the November 15th total of 6,500 shares. Based on an average daily trading volume, of 84,800 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

ADDYY has been the subject of several research analyst reports. Barclays reissued an “equal weight” rating on shares of adidas in a research note on Monday, September 9th. HSBC lowered shares of adidas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, adidas presently has a consensus rating of “Moderate Buy”.

Institutional Investors Weigh In On adidas

Several institutional investors and hedge funds have recently bought and sold shares of the business. Hantz Financial Services Inc. acquired a new stake in shares of adidas during the 2nd quarter valued at about $4,809,000. GAMMA Investing LLC lifted its stake in adidas by 29.4% during the third quarter. GAMMA Investing LLC now owns 792 shares of the company’s stock worth $105,000 after purchasing an additional 180 shares during the period. Finally, Capital Square LLC acquired a new stake in adidas during the second quarter valued at approximately $1,616,000.

adidas Stock Performance

Shares of adidas stock opened at $127.66 on Friday. The firm has a fifty day simple moving average of $120.56 and a 200-day simple moving average of $121.79. adidas has a 1-year low of $88.03 and a 1-year high of $134.39.

adidas (OTCMKTS:ADDYY) last released its earnings results on Tuesday, October 29th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.25. adidas had a return on equity of 7.93% and a net margin of 1.91%. The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.01 billion. Equities research analysts anticipate that adidas will post 2.15 earnings per share for the current fiscal year.

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.