Adecco Group AG (OTCMKTS:AHEXY) Sees Large Growth in Short Interest

Adecco Group AG (OTCMKTS:AHEXY) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 7,700 shares, an increase of 266.7% from the February 13th total of 2,100 shares. Based on an average daily trading volume, of 176,500 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Adecco Group Price Performance

Shares of OTCMKTS:AHEXY opened at $15.27 on Thursday. Adecco Group has a one year low of $11.08 and a one year high of $20.21. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 3.66 and a beta of 1.38. The company has a 50-day simple moving average of $12.53 and a 200-day simple moving average of $14.08. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.01.

Adecco Group (OTCMKTS:AHEXY) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.34 EPS for the quarter. Adecco Group had a return on equity of 12.71% and a net margin of 1.28%. The firm had revenue of $6.27 billion during the quarter. On average, analysts predict that Adecco Group will post 1.32 EPS for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. started coverage on Adecco Group in a report on Thursday, December 5th. They issued an “underweight” rating for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

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.