adidas AG (OTCMKTS:ADDYY) Sees Significant Growth in Short Interest

adidas AG (OTCMKTS:ADDYY) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 91,900 shares, an increase of 1,125.3% from the December 15th total of 7,500 shares. Based on an average trading volume of 88,300 shares, the short-interest ratio is presently 1.0 days.

adidas Stock Down 0.7 %

Shares of adidas stock traded down $0.86 on Monday, hitting $125.28. The company’s stock had a trading volume of 36,149 shares, compared to its average volume of 50,275. The firm has a fifty day moving average price of $120.66 and a 200-day moving average price of $122.13. adidas has a 52-week low of $88.03 and a 52-week high of $134.39. The company has a market capitalization of $44.74 billion, a P/E ratio of 96.37 and a beta of 1.18.

adidas (OTCMKTS:ADDYY) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.25. adidas had a net margin of 1.91% and a return on equity of 7.93%. The business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.01 billion. As a group, analysts expect that adidas will post 2.15 earnings per share for the current year.

Institutional Trading of adidas

A hedge fund recently raised its stake in adidas stock. GAMMA Investing LLC lifted its position in shares of adidas AG (OTCMKTS:ADDYY) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 897 shares of the company’s stock after buying an additional 105 shares during the quarter. GAMMA Investing LLC’s holdings in adidas were worth $109,000 at the end of the most recent quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ADDYY. Sanford C. Bernstein upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a research report on Monday, January 6th. HSBC cut adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company 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.