Adidas AG (OTCMKTS:ADDYY) Sees Large Increase in Short Interest

Adidas AG (OTCMKTS:ADDYY) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 72,481 shares, an increase of 304.8% from the April 30th total of 17,907 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 130,133 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Adidas

A hedge fund recently raised its stake in Adidas stock. Madison Asset Management LLC increased its stake in Adidas AG (OTCMKTS:ADDYY) by 7.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,125 shares of the company’s stock after purchasing an additional 1,582 shares during the quarter. Madison Asset Management LLC’s holdings in Adidas were worth $1,935,000 at the end of the most recent quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on ADDYY shares. Zacks Research upgraded Adidas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Royal Bank Of Canada restated a “sector perform” rating on shares of Adidas in a research note on Tuesday, May 5th. Finally, Citigroup reiterated a “buy” rating on shares of Adidas in a research report on Tuesday, February 3rd. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $146.02.

Adidas Price Performance

Shares of OTCMKTS ADDYY opened at $97.20 on Friday. The stock has a market cap of $34.73 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 1.34 and a beta of 1.22. Adidas has a fifty-two week low of $75.19 and a fifty-two week high of $126.59. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.68 and a current ratio of 1.32. The stock has a fifty day moving average of $83.40 and a 200-day moving average of $88.85.

Adidas (OTCMKTS:ADDYY) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.05. The company had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.36 billion. Adidas had a return on equity of 23.53% and a net margin of 5.52%. Equities research analysts anticipate that Adidas will post 5.46 earnings per share for the current year.

About Adidas

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.