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Short Interest in Adecco Group AG (OTCMKTS:AHEXY) Increases By 477.5%

Adecco Group logo with Business Services background

Adecco Group AG (OTCMKTS:AHEXY - Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 79,700 shares, an increase of 477.5% from the September 30th total of 13,800 shares. Based on an average trading volume of 84,000 shares, the days-to-cover ratio is presently 0.9 days.

Adecco Group Trading Down 0.3 %

OTCMKTS AHEXY traded down $0.05 during trading hours on Friday, reaching $16.11. The company had a trading volume of 24,298 shares, compared to its average volume of 31,285. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $5.43 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 1.19 and a beta of 1.44. The stock has a 50-day moving average of $16.48 and a 200 day moving average of $17.28. Adecco Group has a 1-year low of $15.58 and a 1-year high of $24.70.

Adecco Group (OTCMKTS:AHEXY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.34 EPS for the quarter. The firm had revenue of $6.29 billion for the quarter. Adecco Group had a net margin of 1.28% and a return on equity of 13.25%. As a group, research analysts anticipate that Adecco Group will post 1.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised shares of Adecco Group from a "hold" rating to a "buy" rating in a research note on Wednesday.

Read Our Latest Report on Adecco Group

Adecco Group Company Profile

(Get Free Report)

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.

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