Adidas AG (OTCMKTS:ADDYY) Sees Large Increase in Short Interest

Adidas AG (OTCMKTS:ADDYY) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 72,481 shares, an increase of 304.8% from the April 30th total of 17,907 shares. Based on an average daily trading volume, of 130,133 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the shares of the company are short sold.

Adidas Trading Up 0.6%

Adidas stock opened at $97.50 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.68 and a debt-to-equity ratio of 0.33. Adidas has a 12 month low of $75.19 and a 12 month high of $126.59. The stock’s 50 day simple moving average is $83.03 and its two-hundred day simple moving average is $88.79. The firm has a market cap of $34.84 billion, a PE ratio of 21.48, a P/E/G ratio of 1.33 and a beta of 1.22.

Adidas (OTCMKTS:ADDYY) last released its quarterly earnings data on Wednesday, April 29th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.53 by $0.05. Adidas had a return on equity of 23.53% and a net margin of 5.52%.The business had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.36 billion. Analysts anticipate that Adidas will post 5.46 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ADDYY shares. Zacks Research upgraded shares of Adidas from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Adidas in a report on Tuesday, May 5th. Finally, Citigroup reiterated a “buy” rating on shares of Adidas in a report on Tuesday, February 3rd. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $146.02.

Institutional Investors Weigh In On Adidas

A hedge fund recently raised its stake in Adidas stock. Madison Asset Management LLC grew its stake in Adidas AG (OTCMKTS:ADDYY) by 7.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,125 shares of the company’s stock after purchasing an additional 1,582 shares during the period. Madison Asset Management LLC’s holdings in Adidas were worth $1,935,000 at the end of the most recent quarter.

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.