Adecco Group AG (OTCMKTS:AHEXY) Sees Significant Growth in Short Interest

Adecco Group AG (OTCMKTS:AHEXY - Get Free Report) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 53,700 shares, an increase of 50.8% from the October 31st total of 35,600 shares. Based on an average daily volume of 270,700 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AHEXY shares. Deutsche Bank Aktiengesellschaft raised Adecco Group from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. BNP Paribas raised shares of Adecco Group to a "hold" rating in a report on Tuesday, November 12th. Finally, Royal Bank of Canada upgraded shares of Adecco Group from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, November 6th.

Adecco Group Stock Performance

AHEXY traded down $0.04 during trading on Friday, reaching $13.28. The company's stock had a trading volume of 29,677 shares, compared to its average volume of 40,261. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 1.36 and a beta of 1.44. The company's fifty day moving average price is $15.22 and its 200-day moving average price is $16.59. Adecco Group has a 52-week low of $12.76 and a 52-week high of $24.70. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.01.

About Adecco Group

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.