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

adidas AG (OTCMKTS:ADDYY) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 9,400 shares, an increase of 44.6% from the November 15th total of 6,500 shares. Based on an average daily trading volume, of 84,800 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ADDYY shares. Barclays reissued an “equal weight” rating on shares of adidas in a report on Monday, September 9th. HSBC lowered shares of adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Two 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 a consensus rating of “Moderate Buy”.

Institutional Trading of adidas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADDYY. GAMMA Investing LLC boosted its position in shares of adidas by 29.4% in the third quarter. GAMMA Investing LLC now owns 792 shares of the company’s stock worth $105,000 after acquiring an additional 180 shares during the last quarter. Capital Square LLC purchased a new position in adidas during the second quarter worth approximately $1,616,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of adidas in the 2nd quarter valued at $4,809,000.

adidas Stock Performance

ADDYY stock opened at $126.23 on Friday. adidas has a one year low of $88.03 and a one year high of $134.39. The stock has a market capitalization of $45.08 billion, a P/E ratio of 97.10 and a beta of 1.20. The company has a 50 day moving average price of $120.40 and a two-hundred day moving average price of $121.86.

adidas (OTCMKTS:ADDYY) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.25. adidas had a return on equity of 7.93% and a net margin of 1.91%. The business had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.01 billion. Research analysts forecast that adidas will post 2.15 earnings per share for the current fiscal year.

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.