Short Interest in adidas AG (OTCMKTS:ADDYY) Rises By 44.6%

adidas AG (OTCMKTS:ADDYY) saw a large growth in short interest in November. As of November 30th, there was short interest totalling 9,400 shares, a growth of 44.6% from the November 15th total of 6,500 shares. Based on an average daily volume of 84,800 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of adidas

Several large investors have recently modified their holdings of ADDYY. GAMMA Investing LLC lifted its stake in adidas by 29.4% in the 3rd quarter. GAMMA Investing LLC now owns 792 shares of the company’s stock valued at $105,000 after buying an additional 180 shares in the last quarter. Capital Square LLC purchased a new stake in shares of adidas in the second quarter valued at $1,616,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of adidas during the second quarter valued at $4,809,000.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ADDYY. HSBC cut adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Barclays reiterated an “equal weight” rating on shares of adidas in a report on Monday, September 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

adidas Stock Performance

Shares of ADDYY stock opened at $126.23 on Friday. The stock has a market cap of $45.08 billion, a PE ratio of 97.10 and a beta of 1.20. adidas has a 1 year low of $88.03 and a 1 year high of $134.39. The stock has a fifty day moving average price of $120.40 and a 200 day moving average price of $121.87.

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

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.