Adecco Group AG (OTCMKTS:AHEXY) Sees Significant Decline in Short Interest

Adecco Group AG (OTCMKTS:AHEXY) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 35,600 shares, a decline of 55.3% from the October 15th total of 79,700 shares. Based on an average trading volume of 93,900 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Several research firms recently commented on AHEXY. Royal Bank of Canada raised shares of Adecco Group from a “hold” rating to a “moderate buy” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upgraded Adecco Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Finally, BNP Paribas raised shares of Adecco Group to a “hold” rating in a research note on Tuesday.

Adecco Group Price Performance

AHEXY opened at $13.26 on Friday. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 1.36 and a beta of 1.44. Adecco Group has a 1 year low of $13.26 and a 1 year high of $24.70. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 1.00. The stock’s 50 day simple moving average is $15.87 and its 200 day simple moving average is $16.96.

About Adecco Group

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.