Adecco Group AG (OTCMKTS:AHEXY) Sees Large Increase in Short Interest

Adecco Group AG (OTCMKTS:AHEXY) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 53,700 shares, an increase of 50.8% from the October 31st total of 35,600 shares. Based on an average daily volume of 270,700 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

AHEXY has been the topic of a number of research analyst reports. BNP Paribas raised shares of Adecco Group to a “hold” rating in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft raised Adecco Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada raised Adecco Group from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, November 6th.

Adecco Group Price Performance

OTCMKTS AHEXY traded down $0.04 on Friday, reaching $13.28. 29,677 shares of the company’s stock traded hands, compared to its average volume of 129,890. The stock has a market cap of $4.47 billion, a PE ratio of 13.83, a P/E/G ratio of 1.35 and a beta of 1.44. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.01 and a quick ratio of 1.00. Adecco Group has a 12 month low of $12.76 and a 12 month high of $24.70. The stock has a 50-day simple moving average of $15.22 and a 200 day simple moving average of $16.57.

Adecco Group Company Profile

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.