adidas AG (OTCMKTS:ADDYY) Short Interest Up 61.0% in October

adidas AG (OTCMKTS:ADDYY) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 13,200 shares, an increase 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 currently 0.0 days.

Wall Street Analysts Forecast Growth

ADDYY has been the subject of a number of recent analyst reports. Barclays restated an “equal weight” rating on shares of adidas in a research report on Monday, September 9th. HSBC downgraded 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 given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

adidas Stock Performance

ADDYY opened at $113.19 on Friday. The stock’s 50 day simple moving average is $122.65 and its 200 day simple moving average is $122.24. adidas has a 1-year low of $88.03 and a 1-year high of $134.39.

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

Institutional Investors Weigh In On adidas

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its position 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 $1,616,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of adidas during the 2nd quarter worth $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.