Adecco Group AG (OTCMKTS:AHEXY) Short Interest Down 84.5% in January

Adecco Group AG (OTCMKTS:AHEXY) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 8,100 shares, a drop of 84.5% from the December 31st total of 52,400 shares. Based on an average trading volume of 440,600 shares, the short-interest ratio is presently 0.0 days.

Adecco Group Stock Performance

Shares of OTCMKTS AHEXY traded up $0.10 during mid-day trading on Thursday, hitting $12.24. The stock had a trading volume of 72,795 shares, compared to its average volume of 184,074. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50 day moving average of $12.45 and a two-hundred day moving average of $14.84. Adecco Group has a twelve month low of $11.08 and a twelve month high of $21.85. The firm has a market cap of $4.12 billion, a PE ratio of 12.75, a PEG ratio of 1.62 and a beta of 1.39.

Adecco Group (OTCMKTS:AHEXY) last posted its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.37 EPS for the quarter. Adecco Group had a net margin of 1.28% and a return on equity of 12.71%. The company had revenue of $6.27 billion for the quarter. Research analysts predict that Adecco Group will post 1.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Adecco Group in a research note on Thursday, December 5th. They issued an “underweight” rating for the company. BNP Paribas raised shares of Adecco Group to a “hold” rating in a research note on Tuesday, November 12th. Royal Bank of Canada raised shares of Adecco Group from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Adecco Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus 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.