adidas AG (OTCMKTS:ADDYY) Short Interest Update

adidas AG (OTCMKTS:ADDYY) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 8,200 shares, an increase of 51.9% from the September 30th total of 5,400 shares. Based on an average daily volume of 82,300 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On adidas

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in adidas by 29.4% during the 3rd quarter. GAMMA Investing LLC now owns 792 shares of the company’s stock worth $105,000 after buying an additional 180 shares during the last quarter. Capital Square LLC purchased a new position in adidas during the 2nd quarter worth approximately $1,616,000. Finally, Hantz Financial Services Inc. purchased a new position in adidas during the 2nd quarter worth approximately $4,809,000.

adidas Stock Performance

Shares of OTCMKTS ADDYY opened at $115.32 on Tuesday. adidas has a fifty-two week low of $84.71 and a fifty-two week high of $134.39. The firm has a market capitalization of $44.19 billion, a PE ratio of 274.57 and a beta of 1.21. The stock’s 50-day simple moving average is $124.22 and its 200-day simple moving average is $122.19.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ADDYY shares. Barclays restated an “equal weight” rating on shares of adidas in a report on Monday, September 9th. Telsey Advisory Group upgraded adidas from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 17th. Finally, HSBC cut adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate 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.