adidas AG (OTCMKTS:ADDYY) Short Interest Up 1,125.3% in December

adidas AG (OTCMKTS:ADDYY - Get Free Report) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 91,900 shares, a growth of 1,125.3% from the December 15th total of 7,500 shares. Based on an average daily volume of 88,300 shares, the days-to-cover ratio is currently 1.0 days.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Sanford C. Bernstein raised adidas from a "market perform" rating to an "outperform" rating in a research report on Monday, January 6th. HSBC downgraded adidas from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, adidas presently has a consensus rating of "Moderate Buy".

adidas Stock Down 2.3 %

Shares of adidas stock traded down $2.88 during midday trading on Monday, hitting $122.40. The company's stock had a trading volume of 56,195 shares, compared to its average volume of 51,114. adidas has a 1-year low of $88.03 and a 1-year high of $134.39. The firm has a market capitalization of $43.71 billion, a P/E ratio of 94.15 and a beta of 1.18. The stock has a 50-day simple moving average of $120.71 and a 200-day simple moving average of $122.15.

adidas (OTCMKTS:ADDYY - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.25. The firm had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.01 billion. adidas had a return on equity of 7.93% and a net margin of 1.91%. As a group, sell-side analysts predict that adidas will post 2.15 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in adidas stock. GAMMA Investing LLC grew its stake in shares of adidas AG (OTCMKTS:ADDYY - Free Report) by 29.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 792 shares of the company's stock after acquiring an additional 180 shares during the period. GAMMA Investing LLC's holdings in adidas were worth $105,000 as of its most recent SEC filing.

About adidas

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.