Short Interest in Adecco SA (OTCMKTS:AHEXY) Rises By 50.2%

Adecco SA (OTCMKTS:AHEXY) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 6,172 shares, a growth of 50.2% from the December 31st total of 4,109 shares. Based on an average daily volume of 15,778 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 15,778 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AHEXY shares. Jefferies Financial Group lowered shares of Adecco from a “hold” rating to a “moderate sell” rating in a report on Thursday, January 8th. Zacks Research upgraded Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, BNP Paribas Exane cut Adecco from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Adecco presently has an average rating of “Moderate Buy”.

Adecco Price Performance

AHEXY stock opened at $14.57 on Friday. The stock’s 50 day moving average price is $14.20 and its 200 day moving average price is $14.75. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.04 and a current ratio of 1.04. Adecco has a 1 year low of $11.71 and a 1 year high of $16.89. The firm has a market cap of $4.88 billion, a P/E ratio of 15.67, a PEG ratio of 1.10 and a beta of 1.04.

Adecco (OTCMKTS:AHEXY) last released its earnings results on Thursday, November 6th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. The business had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.68 billion. Adecco had a return on equity of 10.98% and a net margin of 1.22%. On average, sell-side analysts expect that Adecco will post 1.32 earnings per share for the current fiscal year.

About Adecco

Adecco Group AG is a global human resources and workforce solutions provider headquartered in Zurich, Switzerland. The company specializes in temporary staffing, permanent placement, career transition, and talent development services. Its core business activities include matching job seekers with client companies, managing contingent workforce solutions, and offering consulting services related to workforce management and organizational effectiveness.

Founded in 1996 through the merger of the Swiss companies Adia Interim and ECCO, Adecco has grown into one of the world’s largest staffing firms.