adidas AG (OTCMKTS:ADDYY) Short Interest Down 83.5% in April

adidas AG (OTCMKTS:ADDYY - Get Free Report) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 4,000 shares, a decline of 83.5% from the March 31st total of 24,300 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 285,600 shares, the short-interest ratio is currently 0.0 days.

adidas Price Performance

Shares of ADDYY stock traded down $3.41 during trading hours on Tuesday, hitting $120.53. The stock had a trading volume of 23,920 shares, compared to its average volume of 58,227. The stock has a market capitalization of $43.04 billion, a price-to-earnings ratio of 92.72 and a beta of 1.14. The stock's 50-day moving average price is $119.47 and its two-hundred day moving average price is $122.33. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.32 and a quick ratio of 0.78. adidas has a one year low of $99.40 and a one year high of $137.73.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ADDYY. Bank of America upgraded shares of adidas from a "neutral" rating to a "buy" rating in a research note on Thursday, April 24th. Sanford C. Bernstein raised adidas from a "market perform" rating to an "outperform" rating in a research note on Monday, January 6th. Hsbc Global Res upgraded shares of adidas from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Berenberg Bank upgraded shares of adidas to a "hold" rating in a research report on Tuesday, April 15th. Finally, Baird R W upgraded shares of adidas from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. Three analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, adidas has an average rating of "Moderate Buy".

Hedge Funds Weigh In On adidas

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in shares of adidas by 13,801.2% in the 1st quarter. GAMMA Investing LLC now owns 124,694 shares of the company's stock valued at $14,710,000 after purchasing an additional 123,797 shares in the last quarter. Mar Vista Investment Partners LLC raised its holdings in shares of adidas by 2.6% in the fourth quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company's stock worth $3,556,000 after buying an additional 731 shares during the last quarter. Madison Investment Advisors LLC acquired a new stake in shares of adidas during the fourth quarter worth $2,437,000. Finally, Rhumbline Advisers grew its holdings in shares of adidas by 7.9% during the first quarter. Rhumbline Advisers now owns 9,655 shares of the company's stock valued at $1,139,000 after buying an additional 709 shares during the last quarter.

adidas Company Profile

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.