Adecco Group AG (OTCMKTS:AHEXY) Sees Significant Growth in Short Interest

Adecco Group AG (OTCMKTS:AHEXY - Get Free Report) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 52,400 shares, an increase of 54.1% from the December 15th total of 34,000 shares. Based on an average daily trading volume, of 519,000 shares, the days-to-cover ratio is currently 0.1 days.

Adecco Group Stock Performance

OTCMKTS:AHEXY opened at $11.33 on Wednesday. The company's 50-day moving average is $12.85 and its two-hundred day moving average is $15.21. Adecco Group has a 1-year low of $11.08 and a 1-year high of $22.28. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 1.38 and a beta of 1.39.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AHEXY. Deutsche Bank Aktiengesellschaft raised Adecco Group from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. began coverage on shares of Adecco Group in a research report on Thursday, December 5th. They set an "underweight" rating for the company. BNP Paribas upgraded shares of Adecco Group to a "hold" rating in a research report on Tuesday, November 12th. Finally, Royal Bank of Canada upgraded shares of Adecco Group from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Adecco Group has an average rating of "Moderate Buy".

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.