Short Interest in Adecco Group AG (OTCMKTS:AHEXY) Grows By 137.8%

Adecco Group AG (OTCMKTS:AHEXY) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 34,000 shares, a growth of 137.8% from the November 30th total of 14,300 shares. Based on an average daily volume of 316,000 shares, the short-interest ratio is currently 0.1 days.

Adecco Group Stock Performance

AHEXY opened at $12.24 on Friday. The stock has a market cap of $4.12 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.38 and a beta of 1.38. Adecco Group has a 1-year low of $11.90 and a 1-year high of $24.70. The stock’s 50 day simple moving average is $13.77 and its 200 day simple moving average is $15.69. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.01 and a quick ratio of 1.01.

Wall Street Analyst Weigh In

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

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.