adidas AG (OTCMKTS:ADDYY) Short Interest Up 44.6% in November

adidas AG (OTCMKTS:ADDYY) was the recipient of a large increase in short interest during the month of 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 currently 0.1 days.

adidas Stock Performance

Shares of OTCMKTS ADDYY opened at $126.23 on Friday. The company’s fifty day moving average is $120.40 and its two-hundred day moving average is $121.86. The firm has a market capitalization of $45.08 billion, a P/E ratio of 97.10 and a beta of 1.20. adidas has a one year low of $88.03 and a one year high of $134.39.

adidas (OTCMKTS:ADDYY) last issued its earnings results 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 company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.01 billion. On average, sell-side analysts forecast that adidas will post 2.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ADDYY has been the subject of a number of analyst reports. Barclays restated an “equal weight” rating on shares of adidas in a research report on Monday, September 9th. HSBC downgraded shares of adidas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Institutional Investors Weigh In On adidas

A number of institutional investors and hedge funds have recently modified their holdings of ADDYY. GAMMA Investing LLC boosted its position in adidas by 29.4% during the third quarter. GAMMA Investing LLC now owns 792 shares of the company’s stock worth $105,000 after purchasing an additional 180 shares in the last quarter. Capital Square LLC purchased a new stake in shares of adidas in the 2nd quarter worth about $1,616,000. Finally, Hantz Financial Services Inc. acquired a new stake in adidas in the 2nd quarter valued at about $4,809,000.

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.