Adecco Group AG (OTCMKTS:AHEXY) Sees Significant Growth in Short Interest

Adecco Group AG (OTCMKTS:AHEXY) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 7,700 shares, an increase of 266.7% from the February 13th total of 2,100 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 176,500 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. initiated coverage on Adecco Group in a report on Thursday, December 5th. They issued an “underweight” rating for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Adecco Group Stock Up 0.1 %

Shares of OTCMKTS:AHEXY opened at $15.27 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.78. Adecco Group has a fifty-two week low of $11.08 and a fifty-two week high of $20.21. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 3.66 and a beta of 1.38. The firm’s 50 day moving average price is $12.53 and its 200 day moving average price is $14.08.

Adecco Group (OTCMKTS:AHEXY) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.34 earnings per share for the quarter. The business had revenue of $6.27 billion for the quarter. Adecco Group had a net margin of 1.28% and a return on equity of 12.71%. As a group, equities research analysts predict that Adecco Group will post 1.32 earnings per share for the current fiscal year.

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.