Adidas AG (OTCMKTS:ADDYY) Stock Short Interest Report for September

Adidas AG (OTCMKTS:ADDYY) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 142,767 shares, an increase of 88.2% from the September 15th total of 75,865 shares. Based on an average daily volume of 166,976 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ADDYY. Morgan Stanley restated an “overweight” rating on shares of Adidas in a report on Thursday, September 10th. Barclays upgraded shares of Adidas from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 1st. Telsey Advisory Group reiterated an “outperform” rating on shares of Adidas in a report on Friday, July 31st. Benchmark raised shares of Adidas to a “strong-buy” rating in a research report on Tuesday, September 22nd. Finally, Robert W. Baird downgraded shares of Adidas from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.00.

Hedge Funds Weigh In On Adidas

An institutional investor recently raised its stake in Adidas stock. GAMMA Investing LLC grew its holdings in Adidas AG (OTCMKTS:ADDYY) by 7.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,249 shares of the company’s stock after buying an additional 148 shares during the quarter. GAMMA Investing LLC’s holdings in Adidas were worth $185,000 at the end of the most recent reporting period.

Adidas Stock Performance

Adidas stock opened at $88.66 on Friday. The firm has a market capitalization of $31.68 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.26 and a beta of 1.24. The stock has a fifty day moving average price of $85.92 and a two-hundred day moving average price of $90.43. Adidas has a 52-week low of $75.19 and a 52-week high of $118.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.39 and a quick ratio of 0.74.

Adidas (OTCMKTS:ADDYY) last issued its earnings results on Thursday, July 30th. The company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.16). Adidas had a net margin of 5.30% and a return on equity of 22.35%. The firm had revenue of $7.76 billion during the quarter, compared to analyst estimates of $7.55 billion. As a group, analysts anticipate that Adidas will post 5.08 EPS for the current fiscal year.

Adidas Company Profile

adidas AG is a Germany-based global sporting goods company headquartered in Herzogenaurach, Bavaria. Founded by Adolf “Adi” Dassler in 1949, the company develops, designs and markets athletic footwear, apparel and sports accessories under the adidas brand.

Its products serve a broad range of sports and activities, including football, running, basketball, training, tennis and outdoor pursuits. adidas also offers lifestyle footwear and clothing that combine sports-inspired designs with everyday fashion.