Short Interest in adidas AG (OTCMKTS:ADDDF) Drops By 57.8%

adidas AG (OTCMKTS:ADDDF) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 506,000 shares, a decline of 57.8% from the November 15th total of 1,200,000 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is presently 722.9 days.

adidas Price Performance

Shares of ADDDF opened at $254.82 on Friday. adidas has a 1 year low of $175.25 and a 1 year high of $270.25. The company’s 50 day simple moving average is $241.12 and its 200 day simple moving average is $242.93.

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.