Short Interest in adidas AG (OTCMKTS:ADDYY) Declines By 45.1%

adidas AG (OTCMKTS:ADDYY - Get Free Report) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 5,000 shares, a drop of 45.1% from the January 15th total of 9,100 shares. Based on an average daily trading volume, of 79,900 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ADDYY shares. Sanford C. Bernstein raised shares of adidas from a "market perform" rating to an "outperform" rating in a research note on Monday, January 6th. HSBC cut shares of adidas from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Hedge Funds Weigh In On adidas

A number of large investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in adidas by 13.3% during the 4th quarter. GAMMA Investing LLC now owns 897 shares of the company's stock valued at $109,000 after buying an additional 105 shares in the last quarter. Madison Investment Advisors LLC bought a new stake in adidas during the 4th quarter valued at about $2,437,000. Finally, Mar Vista Investment Partners LLC lifted its holdings in adidas by 2.6% during the 4th quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company's stock valued at $3,556,000 after buying an additional 731 shares in the last quarter.

Remove Ads

adidas Trading Down 0.7 %

Shares of ADDYY stock traded down $1.02 during trading hours on Friday, reaching $135.80. 40,248 shares of the stock were exchanged, compared to its average volume of 35,381. adidas has a 12-month low of $93.11 and a 12-month high of $137.73. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The company's 50-day moving average price is $127.47 and its 200-day moving average price is $123.56. The firm has a market capitalization of $48.49 billion, a price-to-earnings ratio of 104.46 and a beta of 1.19.

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.