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

Adidas AG (OTCMKTS:ADDYY) saw a large increase in short interest in 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 volume of 123,831 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 123,831 shares, the short-interest ratio is currently 0.3 days.

Adidas Trading Down 1.7%

OTCMKTS ADDYY opened at $93.49 on Thursday. 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. The company has a 50-day simple moving average of $94.67 and a 200-day simple moving average of $102.71. The firm has a market capitalization of $33.39 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 0.43 and a beta of 1.20.

Adidas (OTCMKTS:ADDYY) last issued its earnings results on Wednesday, October 29th. The company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.07). Adidas had a return on equity of 20.72% and a net margin of 5.00%.The business had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $6.22 billion. On average, equities analysts forecast that Adidas will post 2.27 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Yousif Capital Management LLC lifted its stake in shares of Adidas by 9.4% in the 2nd quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock worth $607,000 after acquiring an additional 450 shares during the period. Rhumbline Advisers raised its holdings in Adidas by 7.9% during the first quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock worth $1,139,000 after purchasing an additional 709 shares in the last quarter. GAMMA Investing LLC raised its holdings in 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 purchasing an additional 318 shares in the last quarter. Mar Vista Investment Partners LLC lifted its position in Adidas by 4.0% in the second quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock worth $3,550,000 after purchasing an additional 1,180 shares during the period. Finally, Madison Asset Management LLC boosted 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.

Analyst Upgrades and Downgrades

ADDYY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adidas in a research note on Wednesday, December 10th. Bank of America reissued an “underperform” rating on shares of Adidas in a report on Tuesday, January 6th. BTIG Research assumed coverage on Adidas in a research note on Tuesday, October 14th. They set a “neutral” rating on the stock. Finally, 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. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Adidas has a consensus rating of “Moderate Buy” and a consensus target price of $146.02.

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.