adidas AG (OTCMKTS:ADDYY) Short Interest Down 11.0% in January

adidas AG (OTCMKTS:ADDYYGet Free Report) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 10,500 shares, a decrease of 11.0% from the December 31st total of 11,800 shares. Based on an average daily volume of 51,800 shares, the short-interest ratio is presently 0.2 days.

adidas Price Performance

Shares of OTCMKTS ADDYY opened at $97.26 on Wednesday. adidas has a 1-year low of $71.37 and a 1-year high of $109.01. The stock has a fifty day simple moving average of $100.19 and a two-hundred day simple moving average of $95.98. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. The firm has a market cap of $36.86 billion, a price-to-earnings ratio of -180.11 and a beta of 1.17.

adidas (OTCMKTS:ADDYYGet Free Report) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.24. adidas had a negative return on equity of 2.84% and a negative net margin of 0.82%. The firm had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.33 billion. Analysts anticipate that adidas will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On adidas

A number of large investors have recently made changes to their positions in ADDYY. PNC Financial Services Group Inc. boosted its holdings in shares of adidas by 111.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,283 shares of the company’s stock worth $151,000 after acquiring an additional 675 shares during the period. Mar Vista Investment Partners LLC raised its position in shares of adidas by 12.6% in the first quarter. Mar Vista Investment Partners LLC now owns 35,590 shares of the company’s stock worth $4,196,000 after buying an additional 3,993 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of adidas by 2.6% in the second quarter. Yousif Capital Management LLC now owns 6,211 shares of the company’s stock worth $605,000 after buying an additional 157 shares in the last quarter. Henry James International Management Inc. raised its position in shares of adidas by 33.0% in the second quarter. Henry James International Management Inc. now owns 5,372 shares of the company’s stock worth $523,000 after buying an additional 1,334 shares in the last quarter. Finally, Rhumbline Advisers purchased a new stake in shares of adidas in the second quarter worth $809,000. 0.03% of the stock is owned by institutional investors.

adidas Company Profile

(Get Free Report)

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.

Further Reading

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