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

adidas AG (OTCMKTS:ADDYY) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 91,900 shares, an increase of 1,125.3% from the December 31st total of 7,500 shares. Based on an average daily volume of 88,300 shares, the days-to-cover ratio is currently 1.0 days.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Sanford C. Bernstein upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a research report on Monday, January 6th. HSBC downgraded adidas from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

adidas Trading Down 1.4 %

Shares of ADDYY opened at $132.69 on Wednesday. The firm has a market cap of $47.38 billion, a P/E ratio of 102.07 and a beta of 1.18. adidas has a fifty-two week low of $88.03 and a fifty-two week high of $135.68. 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 has a 50-day moving average of $123.24 and a 200 day moving average of $122.86.

adidas (OTCMKTS:ADDYY) last released its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.25. adidas had a return on equity of 7.39% and a net margin of 1.91%. The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.01 billion. As a group, research analysts forecast that adidas will post 2.21 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in adidas stock. GAMMA Investing LLC grew its position in shares of adidas AG (OTCMKTS:ADDYY) by 29.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 792 shares of the company’s stock after purchasing an additional 180 shares during the period. GAMMA Investing LLC’s holdings in adidas were worth $105,000 at the end of the most recent reporting period.

About adidas

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.