adidas AG (OTCMKTS:ADDYY) Short Interest Update

adidas AG (OTCMKTS:ADDYY) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 1,700 shares, a decline of 76.1% from the September 15th total of 7,100 shares. Based on an average trading volume of 111,600 shares, the short-interest ratio is presently 0.0 days.

Shares of OTCMKTS ADDYY opened at $153.11 on Thursday. The firm’s 50-day moving average price is $171.22 and its 200-day moving average price is $174.17. The company has a current ratio of 1.54, a quick ratio of 1.10 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $60.01 billion, a price-to-earnings ratio of 30.38, a P/E/G ratio of 0.76 and a beta of 0.82. adidas has a 12-month low of $147.88 and a 12-month high of $199.44.

adidas (OTCMKTS:ADDYY) last announced its earnings results on Thursday, August 5th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.10. The firm had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.81 billion. adidas had a net margin of 7.56% and a return on equity of 22.21%. On average, equities analysts predict that adidas will post 4.61 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Sierra Capital LLC purchased a new stake in adidas in the 1st quarter worth about $179,000. PNC Financial Services Group Inc. raised its position in adidas by 90.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 291 shares of the company’s stock worth $54,000 after purchasing an additional 138 shares during the period. Sofos Investments Inc. raised its position in adidas by 10.6% in the 2nd quarter. Sofos Investments Inc. now owns 6,677 shares of the company’s stock worth $1,247,000 after purchasing an additional 639 shares during the period. Hancock Whitney Corp raised its position in adidas by 21.8% in the 2nd quarter. Hancock Whitney Corp now owns 4,432 shares of the company’s stock worth $827,000 after purchasing an additional 793 shares during the period. Finally, Henry James International Management Inc. raised its position in adidas by 2.4% in the 2nd quarter. Henry James International Management Inc. now owns 3,679 shares of the company’s stock worth $685,000 after purchasing an additional 86 shares during the period. 0.16% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently issued reports on ADDYY shares. Berenberg Bank reissued a “buy” rating on shares of adidas in a research report on Friday, July 2nd. Credit Suisse Group reaffirmed a “neutral” rating on shares of adidas in a report on Thursday, September 30th. Zacks Investment Research downgraded shares of adidas from a “hold” rating to a “sell” rating in a report on Wednesday, October 6th. Bank of America downgraded shares of adidas from a “neutral” rating to an “underperform” rating in a report on Monday, October 4th. Finally, Wedbush assumed coverage on shares of adidas in a report on Monday, October 4th. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, adidas currently has a consensus rating of “Hold” and a consensus price target of $203.00.

About adidas

adidas AG engages in the design, distribution, and marketing of athletic and sporting lifestyle products. It operates through the following segments: Europe, North America, Asia-Pacific, Russia/CIS, Latin America, Emerging Markets, adidas Golf, Runtastic, and Other Businesses. The North America segment includes North America adidas and North America Reebok.

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