adidas AG (OTCMKTS:ADDYY) Short Interest Update

adidas AG (OTCMKTS:ADDYY) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 13,200 shares, a growth of 61.0% from the October 15th total of 8,200 shares. Based on an average daily trading volume, of 367,600 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On adidas

Hedge funds and other institutional investors have recently modified their holdings of the business. Hantz Financial Services Inc. acquired a new stake in shares of adidas in the 2nd quarter worth $4,809,000. Capital Square LLC acquired a new position in adidas in the 2nd quarter valued at about $1,616,000. Finally, GAMMA Investing LLC grew its stake in shares of adidas by 29.4% in the 3rd quarter. GAMMA Investing LLC now owns 792 shares of the company’s stock valued at $105,000 after buying an additional 180 shares during the period.

adidas Stock Down 0.1 %

ADDYY opened at $114.25 on Friday. The firm’s fifty day simple moving average is $122.83 and its two-hundred day simple moving average is $122.29. adidas has a 52-week low of $88.03 and a 52-week high of $134.39.

adidas (OTCMKTS:ADDYY) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.25. The company had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.01 billion. adidas had a return on equity of 7.93% and a net margin of 1.91%. Equities research analysts expect that adidas will post 2.06 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on ADDYY. HSBC lowered adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Barclays reiterated an “equal weight” rating on shares of adidas in a research note on Monday, September 9th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

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.