Adecco Group AG (OTCMKTS:AHEXY) Short Interest Update

Adecco Group AG (OTCMKTS:AHEXY) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 35,600 shares, a drop of 55.3% from the October 15th total of 79,700 shares. Based on an average daily volume of 93,900 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

AHEXY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Adecco Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada upgraded shares of Adecco Group from a “hold” rating to a “moderate buy” rating in a report on Wednesday, November 6th. Finally, BNP Paribas upgraded shares of Adecco Group to a “hold” rating in a report on Tuesday.

Adecco Group Price Performance

AHEXY opened at $13.26 on Friday. The company’s 50-day simple moving average is $15.87 and its two-hundred day simple moving average is $16.96. Adecco Group has a 52-week low of $13.26 and a 52-week high of $24.70. The stock has a market capitalization of $4.47 billion, a P/E ratio of 9.31, a P/E/G ratio of 1.36 and a beta of 1.44. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.00 and a current ratio of 1.00.

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.