Short Interest in Adecco SA (OTCMKTS:AHEXY) Drops By 98.8%

Adecco SA (OTCMKTS:AHEXY) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 100 shares, a drop of 98.8% from the June 30th total of 8,561 shares. Based on an average daily trading volume, of 22,987 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AHEXY shares. Citigroup cut Adecco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 30th. Zacks Research raised Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Morgan Stanley cut Adecco from a “cautious” rating to an “underweight” rating in a research note on Tuesday, June 9th. BNP Paribas Exane raised shares of Adecco from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Finally, UBS Group lowered shares of Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Adecco Stock Up 0.4%

Adecco stock opened at $13.44 on Friday. Adecco has a 1-year low of $8.98 and a 1-year high of $16.83. The firm has a 50 day simple moving average of $10.37 and a 200 day simple moving average of $12.03. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 1.04 and a beta of 0.98. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73.

Adecco (OTCMKTS:AHEXY) last released its earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.55 billion. Adecco had a return on equity of 12.09% and a net margin of 1.31%. On average, analysts predict that Adecco will post 1.35 earnings per share for the current year.

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.