Adecco SA (OTCMKTS:AHEXY) Sees Significant Decrease in Short Interest

Adecco SA (OTCMKTS:AHEXY) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 3,920 shares, a drop of 45.5% from the February 12th total of 7,198 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 29,263 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 29,263 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

AHEXY has been the topic of a number of research analyst reports. Jefferies Financial Group cut shares of Adecco from a “hold” rating to a “moderate sell” rating in a research report on Thursday, January 8th. Zacks Research raised Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. BNP Paribas Exane cut Adecco from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, UBS Group raised Adecco from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Adecco Trading Down 1.9%

OTCMKTS:AHEXY opened at $12.97 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.04 and a quick ratio of 1.04. Adecco has a one year low of $12.19 and a one year high of $16.89. The company has a market cap of $4.34 billion, a PE ratio of 12.97, a PEG ratio of 1.03 and a beta of 1.04. The firm has a 50-day moving average of $14.12 and a 200-day moving average of $14.32.

Adecco (OTCMKTS:AHEXY) last announced its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.09. The business had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.95 billion. Adecco had a net margin of 1.28% and a return on equity of 12.09%. As a group, equities research analysts expect that Adecco will post 1.32 EPS for the current fiscal year.

Adecco Company Profile

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.