Adecco SA (OTCMKTS:AHEXY) Short Interest Down 92.3% in August

Key Points

• Adecco SA saw a significant decline in short interest, dropping by 92.3% to just 100 shares as of August 31st.
• Wall Street analysts currently have a consensus rating of "Moderate Buy" for Adecco, with two analysts issuing a Strong Buy rating.
• The company's latest earnings report showed a miss on earnings per share at $0.26, compared to the consensus estimate of $0.28, but it reported revenues of $6.71 billion, surpassing estimates.

Adecco SA (OTCMKTS:AHEXY - Get Free Report) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 100 shares, a decrease of 92.3% from the August 15th total of 1,300 shares. Based on an average daily volume of 5,300 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company's shares are sold short. Currently, 0.0% of the company's shares are sold short. Based on an average daily volume of 5,300 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada reiterated an "outperform" rating on shares of Adecco in a report on Tuesday, August 12th. Cfra Research upgraded shares of Adecco from a "moderate sell" rating to a "hold" rating in a report on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Adecco Stock Performance

OTCMKTS AHEXY traded up $0.12 on Thursday, hitting $14.13. 1,742 shares of the stock were exchanged, compared to its average volume of 48,811. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.03 and a quick ratio of 1.03. The business's fifty day moving average is $15.80 and its 200 day moving average is $14.67. Adecco has a 52 week low of $11.08 and a 52 week high of $17.47. The company has a market capitalization of $4.76 billion, a PE ratio of 15.03, a P/E/G ratio of 1.18 and a beta of 1.18.

Adecco (OTCMKTS:AHEXY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The business services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). The company had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $5.72 billion. Adecco had a net margin of 1.26% and a return on equity of 10.94%. Research analysts anticipate that Adecco will post 1.32 EPS for the current fiscal year.

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.

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