adidas AG (OTCMKTS:ADDYY) Short Interest Down 90.1% in January

adidas AG (OTCMKTS:ADDYY) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 9,100 shares, a drop of 90.1% from the December 31st total of 91,900 shares. Based on an average daily volume of 93,500 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On adidas

An institutional investor recently raised its position in adidas stock. GAMMA Investing LLC boosted its holdings in adidas AG (OTCMKTS:ADDYY) by 13.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 897 shares of the company’s stock after acquiring an additional 105 shares during the period. GAMMA Investing LLC’s holdings in adidas were worth $109,000 as of its most recent filing with the Securities and Exchange Commission.

Analyst Ratings Changes

ADDYY has been the topic of a number of research analyst reports. HSBC lowered adidas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Sanford C. Bernstein raised adidas from a “market perform” rating to an “outperform” rating in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

adidas Trading Down 2.7 %

Shares of ADDYY stock opened at $131.15 on Friday. adidas has a twelve month low of $88.03 and a twelve month high of $135.82. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $124.52 and its two-hundred day moving average is $123.07. The company has a market capitalization of $46.83 billion, a P/E ratio of 100.88 and a beta of 1.18.

adidas (OTCMKTS:ADDYY) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.25. adidas had a net margin of 1.91% and a return on equity of 7.39%. The firm had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.01 billion. Equities analysts forecast that adidas will post 2.27 EPS for the current year.

adidas Company Profile

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.