Adecco SA (OTCMKTS:AHEXY) Short Interest Up 50.2% in January

Adecco SA (OTCMKTS:AHEXY) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 6,172 shares, a growth of 50.2% from the December 31st total of 4,109 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 15,778 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 15,778 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. BNP Paribas Exane downgraded Adecco from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, Jefferies Financial Group cut Adecco from a “hold” rating to a “moderate sell” rating in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Adecco currently has an average rating of “Moderate Buy”.

Adecco Price Performance

Shares of AHEXY opened at $14.57 on Friday. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 1.10 and a beta of 1.04. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.78. The company’s fifty day simple moving average is $14.20 and its 200 day simple moving average is $14.75. Adecco has a 1-year low of $11.71 and a 1-year high of $16.89.

Adecco (OTCMKTS:AHEXY) last released its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Adecco had a return on equity of 10.98% and a net margin of 1.22%.The company had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $6.68 billion. On average, research analysts forecast that Adecco will post 1.32 earnings per share for the current fiscal year.

Adecco Company Profile

Adecco Group AG is a global human resources and workforce solutions provider headquartered in Zurich, Switzerland. The company specializes in temporary staffing, permanent placement, career transition, and talent development services. Its core business activities include matching job seekers with client companies, managing contingent workforce solutions, and offering consulting services related to workforce management and organizational effectiveness.

Founded in 1996 through the merger of the Swiss companies Adia Interim and ECCO, Adecco has grown into one of the world’s largest staffing firms.