Adecco Group AG (OTCMKTS:AHEXY) Sees Large Drop in Short Interest

Adecco Group AG (OTCMKTS:AHEXY - Get Free Report) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 6,500 shares, a decrease of 15.6% from the February 28th total of 7,700 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 70,200 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

AHEXY has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised Adecco Group from a "hold" rating to a "strong-buy" rating in a report on Friday, March 28th. BNP Paribas raised shares of Adecco Group from a "hold" rating to a "strong-buy" rating in a report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, one has issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy".

Adecco Group Price Performance

Shares of AHEXY traded down $1.07 during trading hours on Friday, reaching $13.14. 45,706 shares of the company's stock traded hands, compared to its average volume of 98,899. Adecco Group has a 12 month low of $11.08 and a 12 month high of $20.21. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78. The stock has a market cap of $4.43 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 3.66 and a beta of 1.19. The firm's 50 day simple moving average is $13.79 and its 200-day simple moving average is $13.95.

Adecco Group (OTCMKTS:AHEXY - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $0.34 EPS for the quarter. Adecco Group had a net margin of 1.28% and a return on equity of 12.71%. The business had revenue of $6.27 billion during the quarter. Equities analysts expect that Adecco Group will post 1.32 EPS for the current year.

Adecco Group Company Profile

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.