Adecco Group AG (OTCMKTS:AHEXY) Short Interest Update

Adecco Group AG (OTCMKTS:AHEXY - Get Free Report) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 3,400 shares, a growth of 750.0% from the May 15th total of 400 shares. Based on an average trading volume of 35,500 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Adecco Group Trading Up 1.5%

OTCMKTS:AHEXY traded up $0.22 during midday trading on Thursday, hitting $14.44. 7,539 shares of the company traded hands, compared to its average volume of 69,159. The firm's fifty day moving average is $13.47 and its 200-day moving average is $13.26. Adecco Group has a 12-month low of $11.08 and a 12-month high of $18.43. The firm has a market capitalization of $4.86 billion, a P/E ratio of 15.04, a P/E/G ratio of 3.66 and a beta of 1.18. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78.

Adecco Group (OTCMKTS:AHEXY - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The business services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.07. Adecco Group had a return on equity of 12.71% and a net margin of 1.28%. The company had revenue of $6.34 billion for the quarter, compared to analyst estimates of $5.49 billion. On average, sell-side analysts predict that Adecco Group will post 1.32 EPS for the current year.

Adecco Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were issued a dividend of $0.3169 per share. The ex-dividend date of this dividend was Thursday, April 24th. This represents a yield of 2.4%. Adecco Group's payout ratio is presently 34.78%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AHEXY. BNP Paribas raised Adecco Group from a "hold" rating to a "strong-buy" rating in a report on Friday, March 14th. The Goldman Sachs Group upgraded Adecco Group from a "hold" rating to a "strong-buy" rating in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating, one has issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy".

Adecco Group Company Profile

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.