adidas AG (OTCMKTS:ADDDF) Sees Significant Decline in Short Interest

adidas AG (OTCMKTS:ADDDF) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 811,000 shares, a decline of 22.2% from the September 30th total of 1,042,300 shares. Based on an average trading volume of 600 shares, the days-to-cover ratio is currently 1,351.7 days.

adidas Stock Down 0.4 %

Shares of OTCMKTS ADDDF opened at $235.71 on Monday. adidas has a 12 month low of $170.66 and a 12 month high of $270.25. The business has a fifty day simple moving average of $248.79 and a 200-day simple moving average of $243.61.

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.