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

Adidas AG (OTCMKTS:ADDYY) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 142,767 shares, an increase of 88.2% from the September 15th total of 75,865 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 166,976 shares, the short-interest ratio is presently 0.9 days.

Analyst Ratings Changes

ADDYY has been the subject of several analyst reports. Sanford C. Bernstein restated an “outperform” rating and issued a $146.00 price objective on shares of Adidas in a report on Friday, October 2nd. Robert W. Baird lowered Adidas from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Citigroup raised Adidas from a “buy” rating to an “overweight” rating in a research report on Tuesday, September 1st. UBS Group cut Adidas from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 4th. Finally, Morgan Stanley restated an “overweight” rating on shares of Adidas in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Adidas currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.00.

Adidas Price Performance

Adidas stock opened at $88.48 on Friday. Adidas has a 12 month low of $75.19 and a 12 month high of $118.00. The stock’s 50 day moving average is $85.79 and its 200-day moving average is $90.42. The company has a current ratio of 1.39, a quick ratio of 0.74 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $31.62 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 1.30 and a beta of 1.24.

Adidas (OTCMKTS:ADDYY) last announced its earnings results on Thursday, July 30th. The company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.16). The firm had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $7.55 billion. Adidas had a return on equity of 22.35% and a net margin of 5.30%. Equities research analysts expect that Adidas will post 5.08 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Adidas stock. GAMMA Investing LLC grew its position in shares of Adidas AG (OTCMKTS:ADDYY) by 7.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,249 shares of the company’s stock after buying an additional 148 shares during the period. GAMMA Investing LLC’s holdings in Adidas were worth $185,000 at the end of the most recent quarter.

Adidas Company Profile

adidas AG is a Germany-based global sporting goods company headquartered in Herzogenaurach, Bavaria. Founded by Adolf “Adi” Dassler in 1949, the company develops, designs and markets athletic footwear, apparel and sports accessories under the adidas brand.

Its products serve a broad range of sports and activities, including football, running, basketball, training, tennis and outdoor pursuits. adidas also offers lifestyle footwear and clothing that combine sports-inspired designs with everyday fashion.