Adidas AG (OTCMKTS:ADDYY) Short Interest Down 42.4% in March

Adidas AG (OTCMKTS:ADDYY) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 32,041 shares, a drop of 42.4% from the February 26th total of 55,598 shares. Based on an average trading volume of 274,357 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of Adidas

An institutional investor recently raised its position in Adidas stock. Madison Asset Management LLC increased its position in Adidas AG (OTCMKTS:ADDYY) by 11.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,442 shares of the company’s stock after purchasing an additional 2,110 shares during the quarter. Madison Asset Management LLC’s holdings in Adidas were worth $2,166,000 as of its most recent SEC filing.

Analyst Ratings Changes

Several brokerages have recently commented on ADDYY. Santander began coverage on Adidas in a research report on Thursday, January 15th. They set an “outperform” rating for the company. Royal Bank Of Canada downgraded Adidas from an “outperform” rating to a “sector perform” rating in a research note on Friday, January 23rd. Zacks Research lowered shares of Adidas from a “hold” rating to a “strong sell” rating in a report on Friday, March 6th. Bank of America reiterated an “underperform” rating on shares of Adidas in a research report on Tuesday, January 6th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $146.02 target price on shares of Adidas in a report on Tuesday, January 6th. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $146.02.

Adidas Stock Performance

OTCMKTS ADDYY opened at $77.08 on Friday. The company has a market cap of $27.53 billion, a P/E ratio of 18.31, a P/E/G ratio of 1.10 and a beta of 1.15. The business’s 50 day moving average price is $87.07 and its 200-day moving average price is $95.49. Adidas has a fifty-two week low of $75.62 and a fifty-two week high of $126.59. 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 (OTCMKTS:ADDYY) last announced its quarterly earnings data on Wednesday, March 4th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $6.15 billion. Adidas had a return on equity of 22.58% and a net margin of 5.36%. Sell-side analysts predict that Adidas will post 2.27 earnings per share for the current year.

Adidas Company Profile

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.