adidas AG (OTCMKTS:ADDDF) Sees Significant Increase in Short Interest

adidas AG (OTCMKTS:ADDDF) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 411,000 shares, an increase of 17.7% from the December 15th total of 349,200 shares. Based on an average daily trading volume, of 500 shares, the days-to-cover ratio is currently 822.0 days.

adidas Price Performance

Shares of ADDDF stock opened at $249.75 on Friday. The stock has a 50 day moving average price of $241.80 and a 200 day moving average price of $243.76. adidas has a 52-week low of $175.25 and a 52-week high of $270.25.

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.