adidas AG (OTCMKTS:ADDYY) Short Interest Update

adidas AG (OTCMKTS:ADDYY) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 91,900 shares, a growth of 1,125.3% from the December 31st total of 7,500 shares. Based on an average trading volume of 88,300 shares, the days-to-cover ratio is presently 1.0 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ADDYY shares. HSBC lowered shares of adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Sanford C. Bernstein raised shares of adidas from a “market perform” rating to an “outperform” rating in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, adidas has an average rating of “Moderate Buy”.

adidas Stock Performance

adidas stock opened at $132.69 on Wednesday. adidas has a twelve month low of $88.03 and a twelve month high of $135.68. The company has a market capitalization of $47.38 billion, a P/E ratio of 102.07 and a beta of 1.18. The stock’s 50 day moving average is $123.24 and its 200 day moving average is $122.86. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.44.

adidas (OTCMKTS:ADDYY) last released its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.25. adidas had a return on equity of 7.39% and a net margin of 1.91%. The business had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.01 billion. On average, equities research analysts predict that adidas will post 2.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On adidas

An institutional investor recently raised its position in adidas stock. GAMMA Investing LLC lifted its holdings in adidas AG (OTCMKTS:ADDYY) by 29.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 792 shares of the company’s stock after purchasing an additional 180 shares during the period. GAMMA Investing LLC’s holdings in adidas were worth $105,000 at the end of the most recent reporting period.

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.