Adecco Group AG (OTCMKTS:AHEXY) Short Interest Update

Adecco Group AG (OTCMKTS:AHEXY) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 52,400 shares, a growth of 54.1% from the December 15th total of 34,000 shares. Based on an average trading volume of 519,000 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AHEXY. JPMorgan Chase & Co. started coverage on Adecco Group in a research report on Thursday, December 5th. They set an “underweight” rating for the company. Deutsche Bank Aktiengesellschaft upgraded Adecco Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada upgraded shares of Adecco Group from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, November 6th. Finally, BNP Paribas upgraded Adecco Group to a “hold” rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Adecco Group currently has an average rating of “Moderate Buy”.

Adecco Group Stock Up 0.4 %

OTCMKTS:AHEXY opened at $11.33 on Wednesday. Adecco Group has a fifty-two week low of $11.08 and a fifty-two week high of $22.28. The company’s 50-day simple moving average is $12.92 and its 200-day simple moving average is $15.24. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $3.82 billion, a P/E ratio of 11.80, a P/E/G ratio of 1.38 and a beta of 1.39.

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.