Adecco SA (OTCMKTS:AHEXY) Short Interest Down 92.9% in September

Key Points

• Adecco SA's short interest dramatically decreased by 92.9% in September, dropping from 9,900 shares to just 700 shares as of September 30th.
• The company reported a quarterly earnings per share of $0.26, missing the consensus estimate by $0.02, while revenue exceeded expectations at $6.71 billion.
• Adecco received several analyst upgrades, with the stock having a current consensus rating of "Moderate Buy", reflecting positive sentiment among analysts.

Adecco SA (OTCMKTS:AHEXY - Get Free Report) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 700 shares, a drop of 92.9% from the September 15th total of 9,900 shares. Based on an average daily trading volume, of 20,900 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 20,900 shares, the days-to-cover ratio is currently 0.0 days.

Adecco Stock Performance

Shares of Adecco stock traded down $0.20 during midday trading on Thursday, hitting $14.88. The company had a trading volume of 13,944 shares, compared to its average volume of 7,596. The company has a fifty day simple moving average of $14.95 and a 200 day simple moving average of $14.53. Adecco has a 12-month low of $11.08 and a 12-month high of $16.89. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 1.39 and a beta of 1.18. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.83.

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

Analyst Upgrades and Downgrades

AHEXY has been the topic of several recent analyst reports. Royal Bank Of Canada reissued an "outperform" rating on shares of Adecco in a research note on Tuesday, August 12th. Cfra Research upgraded Adecco from a "moderate sell" rating to a "hold" rating in a report on Wednesday, August 6th. Jefferies Financial Group upgraded Adecco from a "moderate sell" rating to a "hold" rating in a report on Thursday, September 11th. Finally, Sanford C. Bernstein upgraded shares of Adecco from a "hold" rating to an "outperform" rating in a report on Monday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.

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