Adecco Group AG (OTCMKTS:AHEXY) Sees Large Decline in Short Interest

Adecco Group AG (OTCMKTS:AHEXY) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 14,300 shares, a decrease of 73.4% from the November 15th total of 53,700 shares. Based on an average trading volume of 249,600 shares, the days-to-cover ratio is presently 0.1 days.

Adecco Group Stock Performance

OTCMKTS AHEXY traded down $0.20 on Wednesday, reaching $13.61. The stock had a trading volume of 161,884 shares, compared to its average volume of 43,792. The stock has a market cap of $4.58 billion, a P/E ratio of 14.18, a price-to-earnings-growth ratio of 1.38 and a beta of 1.38. Adecco Group has a 12-month low of $12.76 and a 12-month high of $24.70. The business’s 50-day moving average price is $14.77 and its 200 day moving average price is $16.24. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.01.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. BNP Paribas upgraded Adecco Group to a “hold” rating in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft upgraded Adecco Group from a “hold” rating to a “buy” rating in a report 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, JPMorgan Chase & Co. started coverage on Adecco Group in a research note on Thursday, December 5th. They set an “underweight” rating for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Adecco Group has an average rating of “Moderate Buy”.

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.