Adecco SA (OTCMKTS:AHEXY) Short Interest Down 25.6% in February

Adecco SA (OTCMKTS:AHEXY) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 7,198 shares, a decrease of 25.6% from the January 29th total of 9,670 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 27,571 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 27,571 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

Adecco Stock Performance

OTCMKTS AHEXY opened at $14.21 on Monday. The business’s 50 day moving average price is $14.31 and its 200-day moving average price is $14.48. Adecco has a fifty-two week low of $12.19 and a fifty-two week high of $16.89. The company has a market cap of $4.76 billion, a P/E ratio of 14.21, a P/E/G ratio of 1.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.04 and a current ratio of 1.04.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.09. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.95 billion. Adecco had a return on equity of 12.09% and a net margin of 1.28%. Sell-side analysts predict that Adecco will post 1.32 earnings per share for the current year.

Analysts Set New Price Targets

AHEXY has been the subject of a number of recent research reports. BNP Paribas Exane lowered shares of Adecco from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Jefferies Financial Group cut shares of Adecco from a “hold” rating to a “moderate sell” rating in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

About Adecco

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.