Short Interest in Adidas AG (OTCMKTS:ADDYY) Expands By 223.4%

Adidas AG (OTCMKTS:ADDYY) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 78,600 shares, an increase of 223.4% from the June 15th total of 24,305 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 183,005 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Adidas

An institutional investor recently raised its stake in Adidas stock. Madison Asset Management LLC increased its stake in Adidas AG (OTCMKTS:ADDYY) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,543 shares of the company’s stock after buying an additional 2,101 shares during the quarter. Madison Asset Management LLC’s holdings in Adidas were worth $2,228,000 as of its most recent filing with the SEC.

Adidas Stock Performance

Shares of ADDYY stock opened at $104.04 on Monday. The company has a current ratio of 1.35, a quick ratio of 0.71 and a debt-to-equity ratio of 0.31. The company has a market cap of $37.18 billion, a PE ratio of 22.92, a P/E/G ratio of 1.37 and a beta of 1.24. The company’s fifty day simple moving average is $95.66 and its 200-day simple moving average is $90.32. Adidas has a 52 week low of $75.19 and a 52 week high of $123.33.

Adidas (OTCMKTS:ADDYY) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. Adidas had a net margin of 5.52% and a return on equity of 22.97%. The firm had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.36 billion. As a group, equities research analysts anticipate that Adidas will post 5.48 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ADDYY shares. JPMorgan Chase & Co. assumed coverage on shares of Adidas in a research note on Thursday, July 2nd. They set an “overweight” rating for the company. Royal Bank Of Canada upgraded Adidas from a “sector perform” rating to an “outperform” rating in a report on Wednesday, June 10th. Zacks Research raised Adidas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adidas in a research note on Tuesday, June 30th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Adidas has a consensus rating of “Moderate Buy” and a consensus target price of $146.02.

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.