Short Interest in Adidas AG (OTCMKTS:ADDYY) Rises By 88.3%

Adidas AG (OTCMKTS:ADDYY) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 34,328 shares, an increase of 88.3% from the December 15th total of 18,230 shares. Based on an average daily trading volume, of 123,831 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 123,831 shares, the short-interest ratio is currently 0.3 days.

Adidas Stock Up 0.5%

ADDYY opened at $93.99 on Friday. The business’s 50-day simple moving average is $94.71 and its 200-day simple moving average is $102.65. The stock has a market capitalization of $33.56 billion, a P/E ratio of 24.60, a price-to-earnings-growth ratio of 0.42 and a beta of 1.20. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.71 and a current ratio of 1.31. Adidas has a one year low of $86.28 and a one year high of $137.73.

Adidas (OTCMKTS:ADDYY) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.07). Adidas had a net margin of 5.00% and a return on equity of 20.72%. The company had revenue of $7.73 billion during the quarter, compared to analyst estimates of $6.22 billion. Analysts anticipate that Adidas will post 2.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ADDYY shares. Santander initiated coverage on Adidas in a research report on Thursday. They set an “outperform” rating on the stock. BTIG Research began coverage on shares of Adidas in a report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $146.02 target price on shares of Adidas in a report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adidas in a report on Wednesday, December 10th. Finally, Bank of America reiterated an “underperform” rating on shares of Adidas in a research report on Tuesday, January 6th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $146.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in Adidas by 7.9% during the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock worth $1,139,000 after buying an additional 709 shares during the period. GAMMA Investing LLC increased its position in shares of Adidas by 30.1% during the second quarter. GAMMA Investing LLC now owns 1,375 shares of the company’s stock worth $161,000 after acquiring an additional 318 shares during the last quarter. Yousif Capital Management LLC lifted its stake in shares of Adidas by 9.4% in the second quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock worth $607,000 after acquiring an additional 450 shares in the last quarter. Mar Vista Investment Partners LLC boosted its holdings in Adidas by 4.0% in the second quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock valued at $3,550,000 after purchasing an additional 1,180 shares during the last quarter. Finally, Madison Asset Management LLC grew its stake in Adidas by 11.5% during the 3rd quarter. Madison Asset Management LLC now owns 20,442 shares of the company’s stock valued at $2,166,000 after purchasing an additional 2,110 shares in the last quarter.

About Adidas

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.