Adidas AG (OTCMKTS:ADDYY) Short Interest Down 30.8% in January

Adidas AG (OTCMKTS:ADDYY) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 59,648 shares, a decrease of 30.8% from the January 15th total of 86,188 shares. Based on an average trading volume of 347,344 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 347,344 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Yousif Capital Management LLC boosted its position in shares of Adidas by 9.4% in the second quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock worth $607,000 after buying an additional 450 shares during the period. Mar Vista Investment Partners LLC lifted its position in Adidas by 4.0% during the 2nd quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock worth $3,550,000 after acquiring an additional 1,180 shares in the last quarter. Finally, Madison Asset Management LLC lifted its position in Adidas by 11.5% during the 3rd quarter. Madison Asset Management LLC now owns 20,442 shares of the company’s stock worth $2,166,000 after acquiring an additional 2,110 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ADDYY. Royal Bank Of Canada cut shares of Adidas from an “outperform” rating to a “sector perform” rating in a research report on Friday, January 23rd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $146.02 price target on shares of Adidas in a research note on Tuesday, January 6th. Santander started coverage on shares of Adidas in a research note on Thursday, January 15th. They set an “outperform” rating for the company. Bank of America restated an “underperform” rating on shares of Adidas in a report on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adidas in a research report on Wednesday, December 10th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $146.02.

Adidas Price Performance

ADDYY opened at $91.94 on Friday. Adidas has a 52-week low of $84.03 and a 52-week high of $136.62. The company has a 50 day moving average of $93.81 and a two-hundred day moving average of $98.20. The company has a market cap of $32.83 billion, a P/E ratio of 24.07, a P/E/G ratio of 0.41 and a beta of 1.18. The company has a quick ratio of 0.71, a current ratio of 1.31 and a debt-to-equity ratio of 0.31.

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.