adidas AG (OTCMKTS:ADDYY) Short Interest Down 50.8% in November

adidas AG (OTCMKTS:ADDYY) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 6,500 shares, a decrease of 50.8% from the October 31st total of 13,200 shares. Based on an average trading volume of 82,500 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On adidas

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. acquired a new position in adidas during the 2nd quarter worth $4,809,000. Capital Square LLC bought a new stake in shares of adidas during the second quarter valued at about $1,616,000. Finally, GAMMA Investing LLC lifted its holdings in adidas by 29.4% in the third quarter. GAMMA Investing LLC now owns 792 shares of the company’s stock worth $105,000 after purchasing an additional 180 shares during the period.

adidas Stock Performance

ADDYY stock opened at $116.22 on Friday. adidas has a 1 year low of $88.03 and a 1 year high of $134.39. The stock has a market capitalization of $44.53 billion, a price-to-earnings ratio of 89.40 and a beta of 1.22. The stock’s fifty day moving average is $121.23 and its two-hundred day moving average is $121.75.

adidas (OTCMKTS:ADDYY) last issued its quarterly earnings data 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. adidas had a net margin of 1.91% and a return on equity of 7.93%. The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.01 billion. As a group, analysts predict that adidas will post 2.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ADDYY. Barclays restated an “equal weight” rating on shares of adidas in a research report on Monday, September 9th. HSBC cut shares of adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, adidas currently 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.