adidas AG (OTCMKTS:ADDYY) Sees Large Decrease in Short Interest

adidas AG (OTCMKTS:ADDYY) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 9,100 shares, a drop of 90.1% from the December 31st total of 91,900 shares. Based on an average trading volume of 93,500 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in adidas stock. GAMMA Investing LLC raised its holdings in shares of adidas AG (OTCMKTS:ADDYY) by 13.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

adidas Stock Up 0.9 %

ADDYY stock opened at $134.75 on Friday. adidas has a twelve month low of $88.03 and a twelve month high of $135.82. The firm has a market capitalization of $48.12 billion, a PE ratio of 103.65 and a beta of 1.18. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.44. The stock has a 50-day simple moving average of $124.04 and a two-hundred day simple moving average of $122.98.

adidas (OTCMKTS:ADDYY) last posted its earnings results 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 7.39%. The business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.01 billion. On average, equities analysts predict that adidas will post 2.21 EPS for the current fiscal year.

Analysts Set New Price Targets

ADDYY has been the topic of several recent research reports. HSBC downgraded shares of adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Sanford C. Bernstein raised shares of adidas from a “market perform” rating to an “outperform” rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company 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.