Short Interest in adidas AG (OTCMKTS:ADDYY) Drops By 50.8%

adidas AG (OTCMKTS:ADDYY - Get Free Report) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 6,500 shares, a drop of 50.8% from the October 31st total of 13,200 shares. Based on an average daily volume of 82,500 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On adidas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in shares of adidas by 23.9% during the second quarter. GAMMA Investing LLC now owns 612 shares of the company's stock worth $73,000 after acquiring an additional 118 shares during the period. Hantz Financial Services Inc. acquired a new position in adidas in the 2nd quarter valued at approximately $4,809,000. Finally, Capital Square LLC bought a new position in adidas during the second quarter worth $1,616,000.

adidas Price Performance

Shares of ADDYY stock traded up $0.10 during trading hours on Thursday, reaching $116.22. The stock had a trading volume of 53,021 shares, compared to its average volume of 66,876. The firm has a market capitalization of $44.53 billion, a PE ratio of 89.40 and a beta of 1.22. The firm has a 50-day simple moving average of $121.40 and a 200-day simple moving average of $121.78. adidas has a twelve month low of $88.03 and a twelve month high of $134.39.

adidas (OTCMKTS:ADDYY - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.09 by $0.25. adidas had a return on equity of 7.93% and a net margin of 1.91%. The company had revenue of $7.08 billion for the quarter, compared to analysts' expectations of $7.01 billion. On average, equities analysts anticipate that adidas will post 2.06 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ADDYY. HSBC lowered shares of adidas from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Barclays restated an "equal weight" rating on shares of adidas in a research note on Monday, September 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

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.