adidas AG (OTCMKTS:ADDYY) Sees Significant Decline in Short Interest (2024)

Posted by Elija Maina on Aug 12th, 2024

adidas AG (OTCMKTS:ADDYY – Get Free Report) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 6,500 shares, a decrease of 87.7% from the July 15th total of 53,000 shares. Based on an average daily volume of 250,900 shares, the days-to-cover ratio is presently 0.0 days.

adidas Trading Down 0.4 %

Shares of OTCMKTS:ADDYY traded down $0.50 during mid-day trading on Monday, reaching $117.26. 18,000 shares of the company’s stock were exchanged, compared to its average volume of 65,907. The firm has a market capitalization of $44.93 billion, a price-to-earnings ratio of 279.19 and a beta of 1.21. adidas has a twelve month low of $81.88 and a twelve month high of $130.44. The business’s fifty day moving average price is $121.65 and its 200-day moving average price is $113.83. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.66 and a current ratio of 1.22.

adidas (OTCMKTS:ADDYY – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). adidas had a net margin of 1.10% and a return on equity of 3.75%. The firm had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.35 billion. On average, research analysts predict that adidas will post 1.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ADDYY. GAMMA Investing LLC acquired a new position in shares of adidas during the fourth quarter valued at about $45,000. Fisher Asset Management LLC boosted its holdings in adidas by 27.5% during the 4th quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock worth $1,296,000 after acquiring an additional 2,749 shares during the last quarter. Mar Vista Investment Partners LLC grew its stake in shares of adidas by 8.0% in the 4th quarter. Mar Vista Investment Partners LLC now owns 27,044 shares of the company’s stock worth $2,749,000 after acquiring an additional 2,000 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in adidas during the second quarter worth about $4,809,000. Finally, Capital Square LLC bought a new stake in adidas in the 2nd quarter worth about $1,616,000.

Analysts Set New Price Targets

ADDYY has been the subject of a number of research analyst reports. Morgan Stanley raised shares of adidas from an “underweight” rating to an “overweight” rating in a research report on Monday, April 15th. Telsey Advisory Group raised adidas from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 17th. Finally, Stifel Nicolaus raised adidas from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Check Out Our Latest Stock Analysis on ADDYY

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