adidas AG (OTCMKTS:ADDYY) Short Interest Update

adidas AG (OTCMKTS:ADDYY) saw a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 5,000 shares, a decrease of 45.1% from the January 15th total of 9,100 shares. Based on an average trading volume of 79,900 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On adidas

An institutional investor recently raised its position in adidas stock. GAMMA Investing LLC boosted its position in shares of adidas AG (OTCMKTS:ADDYY) by 13.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 897 shares of the company’s stock after purchasing an additional 105 shares during the quarter. GAMMA Investing LLC’s holdings in adidas were worth $109,000 as of its most recent filing with the Securities & Exchange Commission.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. HSBC lowered adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Sanford C. Bernstein raised adidas from a “market perform” rating to an “outperform” rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

adidas Trading Up 2.6 %

Shares of OTCMKTS ADDYY opened at $135.82 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.32. The business’s 50 day moving average price is $126.86 and its 200-day moving average price is $123.36. adidas has a fifty-two week low of $90.39 and a fifty-two week high of $136.49. The company has a market cap of $48.50 billion, a price-to-earnings ratio of 104.48 and a beta of 1.19.

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.