Short Interest in adidas AG (OTCMKTS:ADDYY) Rises By 400.0%

adidas AG (OTCMKTS:ADDYY) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,000 shares, an increase of 400.0% from the December 15th total of 200 shares. Based on an average trading volume of 145,700 shares, the short-interest ratio is presently 0.0 days.

A number of large investors have recently bought and sold shares of ADDYY. Vigilant Capital Management LLC purchased a new stake in shares of adidas during the 3rd quarter worth about $27,000. PNC Financial Services Group Inc. boosted its position in adidas by 90.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 291 shares of the company’s stock valued at $54,000 after buying an additional 138 shares during the period. Castleview Partners LLC acquired a new stake in shares of adidas in the 2nd quarter valued at $126,000. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in adidas during the 2nd quarter worth $201,000. Finally, Captrust Financial Advisors increased its stake in adidas by 11.8% in the third quarter. Captrust Financial Advisors now owns 1,423 shares of the company’s stock valued at $225,000 after purchasing an additional 150 shares during the period. 0.03% of the stock is currently owned by institutional investors.

Several research firms have recently weighed in on ADDYY. Zacks Investment Research lowered shares of adidas from a “hold” rating to a “sell” rating in a research report on Tuesday. HSBC cut adidas from a “buy” rating to a “hold” rating in a report on Monday, January 10th. Royal Bank of Canada raised adidas from a “sector perform” rating to an “outperform” rating in a report on Monday, January 10th. Credit Suisse Group reiterated a “neutral” rating on shares of adidas in a research report on Tuesday, November 23rd. Finally, UBS Group reiterated a “buy” rating on shares of adidas in a research note on Thursday, November 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, adidas currently has an average rating of “Hold” and a consensus target price of $251.50.

ADDYY opened at $145.15 on Friday. adidas has a 12 month low of $137.64 and a 12 month high of $199.44. The stock has a 50-day moving average of $148.37 and a 200 day moving average of $165.19. The firm has a market cap of $56.63 billion, a P/E ratio of 23.00, a P/E/G ratio of 0.56 and a beta of 0.87. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 0.31.

adidas (OTCMKTS:ADDYY) last issued its quarterly earnings data on Wednesday, November 10th. The company reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.10). The business had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.81 billion. adidas had a return on equity of 20.10% and a net margin of 9.52%. On average, research analysts forecast that adidas will post 4.05 earnings per share for the current fiscal year.

adidas Company Profile

adidas AG engages in the design, distribution, and marketing of athletic and sporting lifestyle products. It operates through the following segments: Europe, North America, Asia-Pacific, Russia/CIS, Latin America, Emerging Markets, adidas Golf, Runtastic, and Other Businesses. The North America segment includes North America adidas and North America Reebok.

See Also: How to calculate the annual rate of depreciation

Receive News & Ratings for adidas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for adidas and related companies with MarketBeat.com's FREE daily email newsletter.