Adecco Group AG (OTCMKTS:AHEXY) Short Interest Update

Adecco Group AG (OTCMKTS:AHEXY) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 79,700 shares, an increase of 477.5% from the September 30th total of 13,800 shares. Based on an average trading volume of 84,000 shares, the days-to-cover ratio is presently 0.9 days.

Adecco Group Stock Performance

Shares of Adecco Group stock traded up $0.13 on Friday, reaching $16.16. 50,658 shares of the stock were exchanged, compared to its average volume of 31,319. The business has a fifty day moving average price of $16.48 and a two-hundred day moving average price of $17.28. The firm has a market capitalization of $5.44 billion, a PE ratio of 16.16, a PEG ratio of 1.19 and a beta of 1.44. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.77. Adecco Group has a 1-year low of $15.58 and a 1-year high of $24.70.

Adecco Group (OTCMKTS:AHEXY) last announced its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.34 earnings per share (EPS) for the quarter. The company had revenue of $6.29 billion for the quarter. Adecco Group had a net margin of 1.28% and a return on equity of 13.25%. As a group, research analysts anticipate that Adecco Group will post 1.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Adecco Group from a “hold” rating to a “buy” rating in a research note on Wednesday.

Adecco Group Company Profile

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.