Adidas AG (OTCMKTS:ADDYY) Sees Significant Decrease in Short Interest

Adidas AG (OTCMKTS:ADDYY) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 59,648 shares, a drop of 30.8% from the January 15th total of 86,188 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 347,344 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 347,344 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

ADDYY has been the subject of a number of research analyst reports. Bank of America restated an “underperform” rating on shares of Adidas in a research report on Tuesday, January 6th. Santander started coverage on Adidas in a research note on Thursday, January 15th. They issued an “outperform” rating on the stock. Citigroup reaffirmed a “buy” rating on shares of Adidas in a research note on Tuesday, February 3rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $146.02 price target on shares of Adidas in a research report on Tuesday, January 6th. Finally, Royal Bank Of Canada downgraded shares of Adidas from an “outperform” rating to a “sector perform” rating in a report on Friday, January 23rd. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $146.02.

Adidas Trading Up 0.7%

OTCMKTS:ADDYY opened at $91.94 on Monday. The stock has a fifty day simple moving average of $93.81 and a 200 day simple moving average of $98.07. The firm has a market capitalization of $32.83 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 0.41 and a beta of 1.18. Adidas has a 1-year low of $84.03 and a 1-year high of $136.62. The company has a quick ratio of 0.71, a current ratio of 1.31 and a debt-to-equity ratio of 0.31.

Institutional Investors Weigh In On Adidas

Several hedge funds have recently made changes to their positions in ADDYY. Mar Vista Investment Partners LLC boosted its stake in Adidas by 4.0% in the 2nd quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock worth $3,550,000 after purchasing an additional 1,180 shares during the period. Madison Asset Management LLC boosted its position in shares of Adidas by 10.3% in the fourth quarter. Madison Asset Management LLC now owns 22,543 shares of the company’s stock worth $2,228,000 after buying an additional 2,101 shares during the period. Finally, Yousif Capital Management LLC boosted its position in shares of Adidas by 9.4% in the second quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock worth $607,000 after buying an additional 450 shares during the period.

Adidas Company Profile

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.