adidas AG (OTCMKTS:ADDYY) Short Interest Update

adidas AG (OTCMKTS:ADDYY) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 13,200 shares, a growth of 61.0% from the October 15th total of 8,200 shares. Based on an average daily trading volume, of 367,600 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Several research firms have weighed in on ADDYY. HSBC downgraded adidas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Barclays reaffirmed an “equal weight” rating on shares of adidas in a research note on Monday, September 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Institutional Trading of adidas

A number of large investors have recently made changes to their positions in ADDYY. GAMMA Investing LLC boosted its holdings in shares of adidas by 29.4% in the third quarter. GAMMA Investing LLC now owns 792 shares of the company’s stock valued at $105,000 after acquiring an additional 180 shares during the period. Capital Square LLC purchased a new position in adidas during the 2nd quarter worth $1,616,000. Finally, Hantz Financial Services Inc. acquired a new position in adidas in the second quarter valued at $4,809,000.

adidas Stock Down 0.9 %

ADDYY stock opened at $113.19 on Friday. The business’s 50-day moving average is $122.65 and its two-hundred day moving average is $122.24. adidas has a 1 year low of $88.03 and a 1 year high of $134.39.

adidas (OTCMKTS:ADDYY) last issued its earnings results on Tuesday, October 29th. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.25. The firm had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.01 billion. adidas had a net margin of 1.91% and a return on equity of 7.93%. On average, equities research analysts predict that adidas will post 2.06 EPS for the current fiscal year.

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.