Adecco Group AG (OTCMKTS:AHEXY) Short Interest Down 87.1% in February

Adecco Group AG (OTCMKTS:AHEXY) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 2,100 shares, a decline of 87.1% from the January 31st total of 16,300 shares. Based on an average daily volume of 207,000 shares, the short-interest ratio is presently 0.0 days.

Adecco Group Price Performance

OTCMKTS AHEXY traded up $1.41 during midday trading on Thursday, hitting $14.22. The company had a trading volume of 247,314 shares, compared to its average volume of 146,895. The company has a market capitalization of $4.79 billion, a PE ratio of 14.81, a P/E/G ratio of 3.66 and a beta of 1.38. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average price of $12.13 and a 200-day moving average price of $14.22. Adecco Group has a twelve month low of $11.08 and a twelve month high of $21.23.

Adecco Group (OTCMKTS:AHEXY) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $0.34 EPS for the quarter. Adecco Group had a return on equity of 12.71% and a net margin of 1.28%. The company had revenue of $6.27 billion during the quarter. As a group, analysts anticipate that Adecco Group will post 1.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AHEXY. Royal Bank of Canada raised Adecco Group from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, November 6th. BNP Paribas raised Adecco Group to a “hold” rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. started coverage on Adecco Group in a report on Thursday, December 5th. They issued an “underweight” rating for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

About Adecco Group

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.