adidas AG (OTCMKTS:ADDYY) Short Interest Update

adidas AG (OTCMKTS:ADDYY - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 24,300 shares, an increase of 122.9% from the March 15th total of 10,900 shares. Approximately 0.0% of the company's stock are sold short. Based on an average trading volume of 75,100 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On adidas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of adidas by 13.3% during the fourth quarter. GAMMA Investing LLC now owns 897 shares of the company's stock worth $109,000 after purchasing an additional 105 shares in the last quarter. Madison Investment Advisors LLC bought a new stake in adidas in the 4th quarter valued at $2,437,000. Rhumbline Advisers lifted its stake in adidas by 7.9% in the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company's stock worth $1,139,000 after purchasing an additional 709 shares in the last quarter. Finally, Mar Vista Investment Partners LLC boosted its holdings in shares of 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 purchasing an additional 731 shares during the last quarter.

adidas Stock Performance

OTCMKTS:ADDYY traded up $1.19 during mid-day trading on Monday, hitting $112.55. 47,069 shares of the company traded hands, compared to its average volume of 56,487. The stock's fifty day moving average price is $121.17 and its 200-day moving average price is $122.70. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.44. adidas has a one year low of $99.40 and a one year high of $137.73. The firm has a market cap of $40.19 billion, a price-to-earnings ratio of 86.58 and a beta of 1.14.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Berenberg Bank raised adidas to a "hold" rating in a research report on Tuesday, April 15th. Sanford C. Bernstein upgraded shares of adidas from a "market perform" rating to an "outperform" rating in a research note on Monday, January 6th. Finally, Hsbc Global Res raised shares of adidas from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

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.