adidas AG (OTCMKTS:ADDYY) Short Interest Update

adidas AG (OTCMKTS:ADDYY) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 9,100 shares, a decline of 90.1% from the December 31st total of 91,900 shares. Based on an average daily volume of 93,500 shares, the short-interest ratio is presently 0.1 days.

adidas Trading Up 0.9 %

Shares of ADDYY stock opened at $134.75 on Friday. The business has a 50-day moving average of $124.04 and a 200 day moving average of $122.98. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.32 and a quick ratio of 0.78. adidas has a 1-year low of $88.03 and a 1-year high of $135.82. The stock has a market capitalization of $48.12 billion, a PE ratio of 103.65 and a beta of 1.18.

adidas (OTCMKTS:ADDYY) last released its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.25. adidas had a return on equity of 7.39% and a net margin of 1.91%. The firm had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.01 billion. As a group, sell-side analysts anticipate that adidas will post 2.21 earnings per share for the current year.

Institutional Investors Weigh In On adidas

A hedge fund recently raised its stake in adidas stock. GAMMA Investing LLC lifted its position in shares of adidas AG (OTCMKTS:ADDYY) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 897 shares of the company’s stock after purchasing an additional 105 shares during the period. GAMMA Investing LLC’s holdings in adidas were worth $109,000 as of its most recent SEC filing.

Analyst Upgrades and Downgrades

ADDYY has been the topic of several recent research reports. HSBC lowered adidas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Sanford C. Bernstein upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

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.