adidas AG (OTCMKTS:ADDDF) Sees Significant Decline in Short Interest

adidas AG (OTCMKTS:ADDDF) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 349,200 shares, a decrease of 31.0% from the November 30th total of 506,000 shares. Based on an average daily volume of 500 shares, the short-interest ratio is currently 698.4 days.

adidas Stock Up 0.7 %

Shares of ADDDF opened at $247.63 on Friday. The stock’s 50 day moving average is $239.14 and its two-hundred day moving average is $242.87. adidas has a twelve month low of $175.25 and a twelve month high of $270.25.

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.