Adecco Group AG (OTCMKTS:AHEXY) Sees Significant Increase in Short Interest

Adecco Group AG (OTCMKTS:AHEXY) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 7,700 shares, an increase of 266.7% from the February 13th total of 2,100 shares. Based on an average daily volume of 176,500 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Adecco Group Price Performance

Adecco Group stock opened at $16.02 on Friday. Adecco Group has a 52-week low of $11.08 and a 52-week high of $20.21. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 3.66 and a beta of 1.38. The stock’s 50 day moving average price is $12.65 and its two-hundred day moving average price is $14.09.

Adecco Group (OTCMKTS:AHEXY) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.34 EPS for the quarter. The firm had revenue of $6.27 billion during the quarter. Adecco Group had a net margin of 1.28% and a return on equity of 12.71%. On average, equities analysts predict that Adecco Group will post 1.32 earnings per share for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. initiated coverage on Adecco Group in a research report on Thursday, December 5th. They set an “underweight” rating for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Adecco Group presently has a consensus rating of “Moderate Buy”.

Adecco Group Company Profile

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.