Adecco SA (OTCMKTS:AHEXY) Short Interest Update

Adecco SA (OTCMKTS:AHEXY) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 894 shares, an increase of 794.0% from the July 15th total of 100 shares. Based on an average daily volume of 18,496 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AHEXY shares. Citigroup downgraded shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 30th. Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. UBS Group cut shares of Adecco from a “hold” rating to a “sell” rating in a report on Monday, May 18th. BNP Paribas Exane upgraded Adecco from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Adecco in a report on Monday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Adecco Stock Performance

OTCMKTS:AHEXY traded down $0.23 during mid-day trading on Tuesday, hitting $14.48. The stock had a trading volume of 9,536 shares, compared to its average volume of 9,271. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 14.34, a P/E/G ratio of 1.24 and a beta of 0.94. The company has a 50 day simple moving average of $11.39 and a 200-day simple moving average of $12.00. Adecco has a 52 week low of $8.98 and a 52 week high of $16.73. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73.

Adecco (OTCMKTS:AHEXY) last posted its earnings results on Thursday, August 6th. The business services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. Adecco had a net margin of 1.25% and a return on equity of 12.78%. The firm had revenue of $6.93 billion during the quarter, compared to analysts’ expectations of $6.83 billion. On average, research analysts expect that Adecco will post 1.42 earnings per share for the current fiscal year.

About Adecco

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.