Adecco Group AG (OTCMKTS:AHEXY) Sees Large Increase in Short Interest

Adecco Group AG (OTCMKTS:AHEXY) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 13,800 shares, a growth of 142.1% from the September 15th total of 5,700 shares. Based on an average trading volume of 52,800 shares, the days-to-cover ratio is presently 0.3 days.

Adecco Group Price Performance

Shares of Adecco Group stock opened at $16.44 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.77. Adecco Group has a 12 month low of $15.58 and a 12 month high of $24.70. The stock has a market cap of $5.54 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 0.86 and a beta of 1.44. The business has a fifty day simple moving average of $16.49 and a 200 day simple moving average of $17.49.

Adecco Group (OTCMKTS:AHEXY) last announced its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.34 earnings per share (EPS) for the quarter. The company had revenue of $6.29 billion during the quarter. Adecco Group had a net margin of 1.28% and a return on equity of 13.25%. Research analysts predict that Adecco Group will post 1.51 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Barclays raised Adecco Group to a “strong-buy” rating in a research note on Wednesday, June 26th.

About Adecco Group

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.