adidas AG (OTCMKTS:ADDYY – Get Free Report) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 5,400 shares, an increase of 63.6% from the September 15th total of 3,300 shares. Based on an average daily trading volume, of 71,300 shares, the days-to-cover ratio is currently 0.1 days.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. Telsey Advisory Group upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 17th. Barclays restated an “equal weight” rating on shares of adidas in a research report on Monday, September 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on adidas
Institutional Trading of adidas
adidas Price Performance
adidas stock opened at $128.07 on Friday. adidas has a fifty-two week low of $84.71 and a fifty-two week high of $134.38. The stock has a fifty day moving average of $123.49 and a two-hundred day moving average of $121.05.
adidas (OTCMKTS:ADDYY – Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). adidas had a return on equity of 3.75% and a net margin of 1.10%. The firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.35 billion. Research analysts predict that adidas will post 1.97 earnings per share for the current year.
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.
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