Adecco SA (OTCMKTS:AHEXY) Short Interest Update

Adecco SA (OTCMKTS:AHEXY) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 12,811 shares, an increase of 97.2% from the May 31st total of 6,498 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 45,254 shares, the days-to-cover ratio is currently 0.3 days.

Adecco Stock Down 1.7%

AHEXY stock opened at $9.18 on Wednesday. The company’s 50 day moving average price is $10.36 and its 200 day moving average price is $12.38. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 0.80 and a beta of 0.96. Adecco has a fifty-two week low of $8.98 and a fifty-two week high of $16.83. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.06 and a current ratio of 1.06.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Adecco had a net margin of 1.31% and a return on equity of 12.09%. The company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.55 billion. On average, equities research analysts anticipate that Adecco will post 1.41 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on AHEXY. Morgan Stanley cut shares of Adecco from a “cautious” rating to an “underweight” rating in a research report on Tuesday, June 9th. UBS Group lowered Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Zacks Research cut Adecco from a “hold” rating to a “strong sell” rating in a research note on Friday, May 15th. Finally, Citigroup lowered Adecco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Adecco Company Profile

Adecco Group AG is a global human resources and workforce solutions provider headquartered in Zurich, Switzerland. The company specializes in temporary staffing, permanent placement, career transition, and talent development services. Its core business activities include matching job seekers with client companies, managing contingent workforce solutions, and offering consulting services related to workforce management and organizational effectiveness.

Founded in 1996 through the merger of the Swiss companies Adia Interim and ECCO, Adecco has grown into one of the world’s largest staffing firms.