adidas AG (OTCMKTS:ADDYY - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 10,900 shares, an increase of 23.9% from the February 28th total of 8,800 shares. Based on an average daily trading volume, of 91,700 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company's stock are sold short.
Hedge Funds Weigh In On adidas
Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of adidas by 13.3% in the fourth quarter. GAMMA Investing LLC now owns 897 shares of the company's stock valued at $109,000 after buying an additional 105 shares during the period. Madison Investment Advisors LLC bought a new stake in adidas in the 4th quarter valued at about $2,437,000. Finally, Mar Vista Investment Partners LLC raised its stake in adidas by 2.6% in the 4th quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company's stock valued at $3,556,000 after acquiring an additional 731 shares during the period.
Analyst Ratings Changes
Separately, Sanford C. Bernstein raised adidas from a "market perform" rating to an "outperform" rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, adidas currently has an average rating of "Moderate Buy".
Check Out Our Latest Research Report on ADDYY
adidas Stock Performance
ADDYY traded down $1.88 during trading on Friday, hitting $106.06. 135,828 shares of the company traded hands, compared to its average volume of 42,411. adidas has a one year low of $101.47 and a one year high of $137.73. The stock's fifty day moving average is $126.55 and its 200 day moving average is $124.13. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.44. The firm has a market cap of $37.87 billion, a P/E ratio of 81.58 and a beta of 1.14.
About adidas
(
Get Free Report)
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.
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