Short Interest in Adecco Group AG (OTCMKTS:AHEXY) Grows By 54.1%

Adecco Group AG (OTCMKTS:AHEXY) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 52,400 shares, an increase of 54.1% from the December 15th total of 34,000 shares. Based on an average daily trading volume, of 519,000 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AHEXY. Royal Bank of Canada raised shares of Adecco Group from a “hold” rating to a “moderate buy” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised shares of Adecco Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. started coverage on Adecco Group in a report on Thursday, December 5th. They set an “underweight” rating for the company. Finally, BNP Paribas raised shares of Adecco Group to a “hold” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Adecco Group Stock Up 0.4 %

Shares of OTCMKTS:AHEXY opened at $11.33 on Wednesday. Adecco Group has a 52-week low of $11.08 and a 52-week high of $22.28. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.78. The business has a fifty day moving average of $12.92 and a two-hundred day moving average of $15.24. The stock has a market cap of $3.82 billion, a P/E ratio of 11.80, a PEG ratio of 1.38 and a beta of 1.39.

About Adecco Group

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.