Adecco Group AG (OTCMKTS:AHEXY) Short Interest Down 55.3% in October

Adecco Group AG (OTCMKTS:AHEXY) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 35,600 shares, a decline of 55.3% from the October 15th total of 79,700 shares. Based on an average trading volume of 93,900 shares, the short-interest ratio is currently 0.4 days.

Adecco Group Trading Down 3.5 %

Shares of Adecco Group stock opened at $13.62 on Wednesday. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 1.37 and a beta of 1.44. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 1.00. Adecco Group has a 1 year low of $13.52 and a 1 year high of $24.70. The business has a fifty day simple moving average of $16.01 and a two-hundred day simple moving average of $17.01.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Adecco Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada upgraded Adecco Group from a “hold” rating to a “moderate buy” rating in a report on Wednesday, November 6th.

Adecco Group Company Profile

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.