Adecco SA (OTCMKTS:AHEXY) Short Interest Down 78.9% in August

Adecco SA (OTCMKTS:AHEXY) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 189 shares, a decrease of 78.9% from the July 30th total of 894 shares. Based on an average trading volume of 12,378 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Adecco

A hedge fund recently bought a new position in Adecco stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Adecco SA (OTCMKTS:AHEXY) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 488,940 shares of the business services provider’s stock, valued at approximately $7,354,000. Public Employees Retirement System of Ohio owned 0.14% of Adecco at the end of the most recent quarter.

Adecco Stock Down 0.5%

Shares of AHEXY stock opened at $14.95 on Friday. The stock’s 50-day simple moving average is $12.49 and its 200-day simple moving average is $12.01. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $5.19 billion, a PE ratio of 14.80, a P/E/G ratio of 1.27 and a beta of 0.94. Adecco has a fifty-two week low of $8.98 and a fifty-two week high of $16.26.

Adecco (OTCMKTS:AHEXY) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. Adecco had a return on equity of 12.78% and a net margin of 1.25%.The firm had revenue of $6.93 billion during the quarter, compared to analysts’ expectations of $6.83 billion. Equities analysts expect that Adecco will post 1.41 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Citigroup cut shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. UBS Group lowered shares of Adecco from a “hold” rating to a “sell” rating in a research note on Monday, May 18th. Morgan Stanley reaffirmed an “underweight” rating on shares of Adecco in a report on Monday, August 10th. BNP Paribas Exane upgraded shares of Adecco from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Finally, Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.