Short Interest in adidas AG (OTCMKTS:ADDYY) Rises By 61.0%

adidas AG (OTCMKTS:ADDYY) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 13,200 shares, a growth of 61.0% from the October 15th total of 8,200 shares. Based on an average daily trading volume, of 367,600 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

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

adidas Price Performance

ADDYY stock opened at $114.25 on Friday. adidas has a twelve month low of $88.03 and a twelve month high of $134.39. The company’s 50 day moving average is $122.83 and its two-hundred day moving average is $122.29.

adidas (OTCMKTS:ADDYY) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.09 by $0.25. adidas had a net margin of 1.91% and a return on equity of 7.93%. The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.01 billion. On average, equities research analysts expect that adidas will post 2.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ADDYY. GAMMA Investing LLC raised its holdings in shares of adidas by 23.9% in the second quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock valued at $73,000 after buying an additional 118 shares during the last quarter. Capital Square LLC acquired a new position in adidas in the 2nd quarter valued at about $1,616,000. Finally, Hantz Financial Services Inc. purchased a new stake in adidas during the 2nd quarter valued at approximately $4,809,000.

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.