Short Interest in adidas AG (OTCMKTS:ADDDF) Declines By 36.5%

adidas AG (OTCMKTS:ADDDF) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 325,375 shares, a drop of 36.5% from the April 15th total of 512,682 shares. Based on an average daily volume of 531 shares, the days-to-cover ratio is currently 612.8 days.

adidas Price Performance

Shares of ADDDF opened at $163.47 on Wednesday. The business’s 50-day moving average price is $161.76 and its 200 day moving average price is $176.58. adidas has a 1-year low of $145.65 and a 1-year high of $251.74.

About adidas

adidas AG (OTCMKTS:ADDDF) is a German multinational corporation specializing in the design, manufacture and distribution of athletic footwear, apparel and accessories. The company’s product portfolio spans performance running, training, football, basketball, outdoor and lifestyle categories, serving professional athletes and everyday consumers. Through its flagship adidas brand and collaborations under labels such as Y-3 and adidas Originals, the firm delivers style-driven, technology-rich offerings worldwide.

adidas operates an integrated value chain that encompasses product design, research and development, sourcing, manufacturing and wholesale and direct-to-consumer channels.