Short Interest in adidas AG (OTCMKTS:ADDYY) Drops By 45.1%

adidas AG (OTCMKTS:ADDYY) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 5,000 shares, a drop of 45.1% from the January 15th total of 9,100 shares. Based on an average daily trading volume, of 79,900 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On adidas

A hedge fund recently raised its stake in adidas stock. GAMMA Investing LLC increased its holdings in adidas AG (OTCMKTS:ADDYY) by 13.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 897 shares of the company’s stock after purchasing an additional 105 shares during the period. GAMMA Investing LLC’s holdings in adidas were worth $109,000 as of its most recent SEC filing.

adidas Price Performance

Shares of OTCMKTS:ADDYY opened at $136.82 on Friday. The company has a market cap of $48.86 billion, a P/E ratio of 105.25 and a beta of 1.19. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.44. adidas has a 52 week low of $92.78 and a 52 week high of $137.73. The business has a fifty day simple moving average of $127.09 and a 200-day simple moving average of $123.44.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ADDYY. Sanford C. Bernstein raised adidas from a “market perform” rating to an “outperform” rating in a research report on Monday, January 6th. HSBC downgraded adidas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average 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.