Adecco Group AG (OTCMKTS:AHEXY) Short Interest Down 55.3% in October

Adecco Group AG (OTCMKTS:AHEXY - Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 35,600 shares, a drop of 55.3% from the October 15th total of 79,700 shares. Based on an average trading volume of 93,900 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Royal Bank of Canada upgraded Adecco Group from a "hold" rating to a "moderate buy" rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised Adecco Group from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd.

Adecco Group Trading Down 2.2 %

Shares of AHEXY stock traded down $0.30 during trading hours on Wednesday, hitting $13.32. 195,707 shares of the company were exchanged, compared to its average volume of 35,275. The firm has a fifty day moving average of $16.01 and a 200 day moving average of $17.01. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.77. Adecco Group has a 1 year low of $13.29 and a 1 year high of $24.70. The firm has a market cap of $4.49 billion, a PE ratio of 9.52, a PEG ratio of 1.39 and a beta of 1.44.

About Adecco Group

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.