adidas AG (OTCMKTS:ADDYY) Short Interest Update

adidas AG (OTCMKTS:ADDYY) saw a large decrease in short interest in December. As of December 15th, there was short interest totalling 7,500 shares, a decrease of 20.2% from the November 30th total of 9,400 shares. Based on an average daily volume of 76,600 shares, the short-interest ratio is currently 0.1 days.

adidas Stock Down 1.1 %

OTCMKTS ADDYY opened at $122.71 on Friday. The firm has a market capitalization of $43.82 billion, a PE ratio of 94.39 and a beta of 1.20. The stock’s 50 day moving average is $119.74 and its 200 day moving average is $121.79. adidas has a twelve month low of $88.03 and a twelve month high of $134.39.

adidas (OTCMKTS:ADDYY) last announced its earnings results on Tuesday, October 29th. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.25. The firm had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.01 billion. adidas had a net margin of 1.91% and a return on equity of 7.93%. On average, research analysts anticipate that adidas will post 2.15 earnings per share for the current year.

Analysts Set New Price Targets

ADDYY has been the subject of several recent research reports. Barclays reissued an “equal weight” rating on shares of adidas in a research note on Monday, September 9th. HSBC lowered adidas from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On adidas

A number of hedge funds and other institutional investors have recently bought and sold shares of ADDYY. Hantz Financial Services Inc. bought a new stake in shares of adidas in the 2nd quarter worth approximately $4,809,000. Capital Square LLC bought a new position in adidas during the 2nd quarter valued at approximately $1,616,000. Finally, GAMMA Investing LLC raised its stake in adidas by 29.4% during the third quarter. GAMMA Investing LLC now owns 792 shares of the company’s stock valued at $105,000 after buying an additional 180 shares during the last quarter.

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.