Adecco SA (OTCMKTS:AHEXY) Sees Large Decline in Short Interest

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 target of a significant decrease in short interest during the month of 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. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 5,300 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 5,300 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company's shares are short sold.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AHEXY. Jefferies Financial Group upgraded Adecco from a "moderate sell" rating to a "hold" rating in a report on Thursday, September 11th. Royal Bank Of Canada reissued an "outperform" rating on shares of Adecco in a research report on Tuesday, August 12th. Finally, Cfra Research raised Adecco from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

Adecco Stock Performance

OTCMKTS:AHEXY traded down $0.53 during mid-day trading on Tuesday, hitting $13.57. 9,922 shares of the stock were exchanged, compared to its average volume of 48,161. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 1.18 and a beta of 1.18. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.03 and a current ratio of 1.03. The firm's 50-day simple moving average is $15.71 and its 200 day simple moving average is $14.70. Adecco has a fifty-two week low of $11.08 and a fifty-two week high of $17.47.

Adecco (OTCMKTS:AHEXY - Get Free Report) last announced 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 analyst estimates of $5.72 billion. Adecco had a net margin of 1.26% and a return on equity of 10.94%. As a group, equities analysts anticipate that Adecco will post 1.32 EPS for the current fiscal year.

Adecco 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.