Short Interest in adidas AG (OTCMKTS:ADDYY) Increases By 44.6%

adidas AG (OTCMKTS:ADDYY) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 9,400 shares, an increase of 44.6% from the November 15th total of 6,500 shares. Based on an average daily trading volume, of 84,800 shares, the short-interest ratio is presently 0.1 days.

adidas Stock Up 0.7 %

Shares of OTCMKTS ADDYY opened at $127.66 on Friday. adidas has a 1-year low of $88.03 and a 1-year high of $134.39. The company has a 50-day moving average of $120.56 and a two-hundred day moving average of $121.79.

adidas (OTCMKTS:ADDYY) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $7.01 billion. As a group, sell-side analysts forecast that adidas will post 2.15 earnings per share for the current year.

Hedge Funds Weigh In On adidas

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in adidas by 29.4% during the 3rd quarter. GAMMA Investing LLC now owns 792 shares of the company’s stock worth $105,000 after purchasing an additional 180 shares during the last quarter. Capital Square LLC acquired a new stake in shares of adidas during the 2nd quarter worth approximately $1,616,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of adidas during the 2nd quarter worth approximately $4,809,000.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ADDYY. Barclays reaffirmed an “equal weight” rating on shares of adidas in a report on Monday, September 9th. HSBC cut 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 stock. According to MarketBeat.com, adidas presently has an average rating of “Moderate Buy”.

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.