Short Interest in Adecco SA (OTCMKTS:AHEXY) Declines By 72.7%

Key Points

• Adecco SA's short interest decreased by 72.7% in July, falling from 1,100 shares to just 300 shares by the end of the month.
• Wall Street analysts have a moderate buy average rating for Adecco, with recent upgrades from Royal Bank of Canada and Cfra Research.
• The company reported a quarterly earnings per share (EPS) of $0.26, which was below the consensus estimate of $0.28, despite revenues exceeding expectations at $6.71 billion.

Adecco SA (OTCMKTS:AHEXY - Get Free Report) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 300 shares, adecreaseof72.7% from the July 15th total of 1,100 shares. Based on an average daily volume of 18,900 shares, the days-to-cover ratio is presently 0.0 days. Approximately0.0% of the shares of the stock are short sold. Approximately0.0% of the shares of the stock are short sold. Based on an average daily volume of 18,900 shares, the days-to-cover ratio is presently 0.0 days.

Adecco Trading Up 3.1%

AHEXY stock traded up $0.49 during trading on Wednesday, hitting $16.41. The company had a trading volume of 6,957 shares, compared to its average volume of 7,252. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.37 and a beta of 1.20. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average price of $15.51 and a 200-day moving average price of $14.33. Adecco has a 12 month low of $11.08 and a 12 month high of $17.4690.

Adecco (OTCMKTS:AHEXY - Get Free Report) last released its earnings results on Tuesday, August 5th. The business services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.02). Adecco had a net margin of 1.26% and a return on equity of 10.85%. The firm had revenue of $6.71 billion during the quarter, compared to analyst estimates of $5.72 billion. As a group, analysts predict that Adecco will post 1.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AHEXY has been the topic of several research analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Adecco in a research note on Tuesday, August 12th. Cfra Research raised shares of Adecco from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

About Adecco

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.