adidas AG (OTCMKTS:ADDYY) Short Interest Up 63.6% in September

adidas AG (OTCMKTS:ADDYYGet 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

A number of hedge funds have recently added to or reduced their stakes in ADDYY. GAMMA Investing LLC lifted its holdings in shares of adidas by 23.9% during the 2nd quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock worth $73,000 after acquiring an additional 118 shares during the period. Fisher Asset Management LLC increased its position in adidas by 27.5% during the fourth quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock worth $1,296,000 after purchasing an additional 2,749 shares during the last quarter. Capital Square LLC purchased a new position in adidas during the second quarter worth approximately $1,616,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of adidas in the 2nd quarter valued at $4,809,000.

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:ADDYYGet 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

(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; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.

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