Short Interest in adidas AG (OTCMKTS:ADDYY) Increases By 60.0%

adidas AG (OTCMKTS:ADDYY) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 8,000 shares, an increase of 60.0% from the January 31st total of 5,000 shares. Based on an average daily trading volume, of 54,700 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein raised shares of adidas from a “market perform” rating to an “outperform” rating in a research note on Monday, January 6th. 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 has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in adidas by 13.3% in the fourth quarter. GAMMA Investing LLC now owns 897 shares of the company’s stock valued at $109,000 after purchasing an additional 105 shares during the period. Madison Investment Advisors LLC acquired a new position in shares of adidas in the 4th quarter valued at $2,437,000. Finally, Mar Vista Investment Partners LLC boosted its holdings in shares of adidas by 2.6% in the 4th quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company’s stock valued at $3,556,000 after purchasing an additional 731 shares during the last quarter.

adidas Stock Performance

adidas stock opened at $129.43 on Tuesday. The stock has a fifty day moving average price of $128.52 and a 200 day moving average price of $124.42. adidas has a 52 week low of $99.34 and a 52 week high of $137.73. The firm has a market capitalization of $46.22 billion, a P/E ratio of 99.56 and a beta of 1.19. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44.

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.