adidas AG (OTCMKTS:ADDYY) Short Interest Up 23.9% in March

adidas AG (OTCMKTS:ADDYY) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 10,900 shares, an increase of 23.9% from the February 28th total of 8,800 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 91,700 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, adidas currently has an average rating of “Moderate Buy”.

Institutional Trading of adidas

A number of hedge funds and other institutional investors have recently made changes to their positions in ADDYY. GAMMA Investing LLC grew its holdings in adidas by 13.3% during the 4th quarter. GAMMA Investing LLC now owns 897 shares of the company’s stock worth $109,000 after acquiring an additional 105 shares during the last quarter. Madison Investment Advisors LLC bought a new position in shares of adidas in the fourth quarter worth about $2,437,000. Finally, Mar Vista Investment Partners LLC raised its stake in shares of adidas by 2.6% in the fourth quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company’s stock worth $3,556,000 after acquiring an additional 731 shares during the last quarter.

adidas Stock Down 1.9 %

OTCMKTS ADDYY opened at $117.71 on Tuesday. The stock’s 50 day simple moving average is $128.16 and its 200 day simple moving average is $124.38. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.32 and a quick ratio of 0.78. adidas has a one year low of $103.71 and a one year high of $137.73. The firm has a market cap of $42.03 billion, a PE ratio of 90.55 and a beta of 1.18.

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.