adidas AG (OTCMKTS:ADDDF – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 298,476 shares, a drop of 40.7% from the May 14th total of 503,335 shares. Based on an average daily volume of 4,473 shares, the days-to-cover ratio is presently 66.7 days.
adidas Stock Performance
Shares of OTCMKTS ADDDF opened at $195.06 on Wednesday. The business has a 50-day simple moving average of $174.52 and a two-hundred day simple moving average of $177.38. adidas has a 52 week low of $145.65 and a 52 week high of $251.00.
About adidas
adidas AG (OTCMKTS:ADDDF) is a German multinational corporation specializing in the design, manufacture and distribution of athletic footwear, apparel and accessories. The company’s product portfolio spans performance running, training, football, basketball, outdoor and lifestyle categories, serving professional athletes and everyday consumers. Through its flagship adidas brand and collaborations under labels such as Y-3 and adidas Originals, the firm delivers style-driven, technology-rich offerings worldwide.
adidas operates an integrated value chain that encompasses product design, research and development, sourcing, manufacturing and wholesale and direct-to-consumer channels.
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