Short Interest in adidas AG (OTCMKTS:ADDYY) Grows By 63.6%

adidas AG (OTCMKTS:ADDYY) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 5,400 shares, a growth of 63.6% from the September 15th total of 3,300 shares. Based on an average daily trading volume, of 71,300 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On adidas

Several large investors have recently modified their holdings of ADDYY. GAMMA Investing LLC lifted its stake in adidas by 23.9% during the 2nd quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock worth $73,000 after acquiring an additional 118 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of adidas by 27.5% during the 4th quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock worth $1,296,000 after acquiring an additional 2,749 shares in the last quarter. Capital Square LLC acquired a new position in adidas during the second quarter worth approximately $1,616,000. Finally, Hantz Financial Services Inc. acquired a new position in adidas during the second quarter worth approximately $4,809,000.

adidas Stock Performance

Shares of ADDYY stock opened at $128.07 on Monday. adidas has a fifty-two week low of $84.71 and a fifty-two week high of $134.38. The firm has a market capitalization of $49.08 billion, a price-to-earnings ratio of 304.93 and a beta of 1.21. The stock’s 50-day simple moving average is $123.64 and its 200-day simple moving average is $121.32.

adidas (OTCMKTS:ADDYY) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). The company had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.35 billion. adidas had a net margin of 1.10% and a return on equity of 3.75%. As a group, equities analysts forecast that adidas will post 1.97 earnings per share for the current year.

Analyst Ratings Changes

ADDYY has been the topic of a number of analyst reports. Telsey Advisory Group upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 17th. Barclays reaffirmed an “equal weight” rating on shares of adidas in a report on Monday, September 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.