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

adidas AG (OTCMKTS:ADDYY) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 6,500 shares, a decrease of 87.7% from the July 15th total of 53,000 shares. Based on an average daily volume of 250,900 shares, the days-to-cover ratio is presently 0.0 days.

adidas Trading Down 0.4 %

Shares of OTCMKTS:ADDYY traded down $0.50 during mid-day trading on Monday, reaching $117.26. 18,000 shares of the company’s stock were exchanged, compared to its average volume of 65,907. The firm has a market capitalization of $44.93 billion, a price-to-earnings ratio of 279.19 and a beta of 1.21. adidas has a twelve month low of $81.88 and a twelve month high of $130.44. The business’s fifty day moving average price is $121.65 and its 200-day moving average price is $113.83. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.66 and a current ratio of 1.22.

adidas (OTCMKTS:ADDYY) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). adidas had a net margin of 1.10% and a return on equity of 3.75%. The firm had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.35 billion. On average, research analysts predict that adidas will post 1.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ADDYY. GAMMA Investing LLC acquired a new position in shares of adidas during the fourth quarter valued at about $45,000. Fisher Asset Management LLC boosted its holdings in 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 during the last quarter. Mar Vista Investment Partners LLC grew its stake in shares of adidas by 8.0% in the 4th quarter. Mar Vista Investment Partners LLC now owns 27,044 shares of the company’s stock worth $2,749,000 after acquiring an additional 2,000 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in adidas during the second quarter worth about $4,809,000. Finally, Capital Square LLC bought a new stake in adidas in the 2nd quarter worth about $1,616,000.

Analysts Set New Price Targets

ADDYY has been the subject of a number of research analyst reports. Morgan Stanley raised shares of adidas from an “underweight” rating to an “overweight” rating in a research report on Monday, April 15th. Telsey Advisory Group raised adidas from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 17th. Finally, Stifel Nicolaus raised adidas from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.