Adecco SA (OTCMKTS:AHEXY) Short Interest Up 97.2% in June

Adecco SA (OTCMKTS:AHEXY) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 12,811 shares, a growth of 97.2% from the May 31st total of 6,498 shares. Based on an average trading volume of 45,254 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Adecco Price Performance

Shares of AHEXY opened at $9.34 on Thursday. The stock has a market capitalization of $3.24 billion, a P/E ratio of 8.90, a P/E/G ratio of 0.79 and a beta of 0.98. Adecco has a twelve month low of $8.98 and a twelve month high of $16.83. The company has a 50 day moving average of $10.30 and a 200-day moving average of $12.35. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.73.

Adecco (OTCMKTS:AHEXY) last announced its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Adecco had a net margin of 1.31% and a return on equity of 12.09%. The business had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.55 billion. As a group, equities research analysts forecast that Adecco will post 1.41 EPS for the current fiscal year.

Analysts Set New Price Targets

AHEXY has been the topic of several research reports. Zacks Research cut shares of Adecco from a “hold” rating to a “strong sell” rating in a research report on Friday, May 15th. Citigroup cut Adecco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, April 30th. UBS Group downgraded Adecco from a “hold” rating to a “sell” rating in a research note on Monday, May 18th. Finally, Morgan Stanley lowered Adecco from a “cautious” rating to an “underweight” rating in a report on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce”.

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.