adidas AG (OTCMKTS:ADDYY) Short Interest Up 63.6% in September

adidas AG (OTCMKTS:ADDYY) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 5,400 shares, a growth of 63.6% from the September 15th total of 3,300 shares. Based on an average trading volume of 71,300 shares, the days-to-cover ratio is currently 0.1 days.

adidas Price Performance

Shares of ADDYY opened at $128.07 on Friday. The stock’s 50 day moving average is $123.64 and its two-hundred day moving average is $121.25. adidas has a 12 month low of $84.71 and a 12 month high of $134.38.

adidas (OTCMKTS:ADDYY) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.11). The company had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.35 billion. adidas had a return on equity of 3.75% and a net margin of 1.10%. On average, analysts forecast that adidas will post 1.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ADDYY has been the topic of a number of analyst reports. Barclays reaffirmed an “equal weight” rating on shares of adidas in a research note on Monday, September 9th. Telsey Advisory Group upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Institutional Trading of adidas

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in adidas by 23.9% in the 2nd quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock valued at $73,000 after buying an additional 118 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of adidas by 27.5% during the fourth quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock valued at $1,296,000 after acquiring an additional 2,749 shares during the last quarter. Capital Square LLC purchased a new position in shares of adidas in the second quarter valued at approximately $1,616,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of adidas in the second quarter worth approximately $4,809,000.

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.