adidas AG (OTCMKTS:ADDYY) Short Interest Update

adidas AG (OTCMKTS:ADDYY) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 3,300 shares, a growth of 13.8% from the August 31st total of 2,900 shares. Based on an average trading volume of 104,700 shares, the short-interest ratio is currently 0.0 days.

adidas Stock Down 0.5 %

Shares of OTCMKTS ADDYY opened at $132.69 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 0.66. The firm’s 50-day moving average is $122.78 and its two-hundred day moving average is $120.06. adidas has a 12-month low of $81.88 and a 12-month high of $134.38. The company has a market capitalization of $50.85 billion, a PE ratio of 315.93 and a beta of 1.21.

adidas (OTCMKTS:ADDYY) last announced its earnings results on Wednesday, July 31st. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). The company had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.35 billion. adidas had a net margin of 1.10% and a return on equity of 3.75%. Equities analysts anticipate that adidas will post 1.9 EPS for the current fiscal year.

Institutional Trading of adidas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. acquired a new stake in shares of adidas during the 2nd quarter worth about $4,809,000. Capital Square LLC acquired a new stake in adidas during the second quarter worth approximately $1,616,000. Fisher Asset Management LLC boosted its position in adidas by 27.5% during the fourth quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock worth $1,296,000 after acquiring an additional 2,749 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in adidas by 23.9% in the 2nd quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock worth $73,000 after acquiring an additional 118 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ADDYY shares. Barclays reaffirmed an “equal weight” rating on shares of adidas in a report on Monday, September 9th. Telsey Advisory Group upgraded adidas from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, adidas presently has an average rating of “Moderate Buy”.

About adidas

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.