Short Interest in Adecco SA (OTCMKTS:AHEXY) Rises By 333.3%

Key Points

• Adecco SA's short interest increased by 333.3% in August, rising from 300 shares to 1,300 shares as of August 15th.
• The company's quarterly earnings reflected a missed EPS estimate of $0.28 by reporting $0.26, despite exceeding revenue expectations at $6.71 billion.
• Adecco currently holds a consensus rating of "Moderate Buy", with several brokerages adjusting their ratings recently.

Adecco SA (OTCMKTS:AHEXY - Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 1,300 shares, anincreaseof333.3% from the July 31st total of 300 shares. Based on an average daily volume of 12,300 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 12,300 shares, the short-interest ratio is currently 0.1 days.

Adecco Price Performance

Shares of Adecco stock traded down $0.62 during mid-day trading on Friday, reaching $14.63. 3,417 shares of the stock were exchanged, compared to its average volume of 4,940. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 1.22 and a beta of 1.18. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.83. The firm has a 50-day simple moving average of $15.86 and a 200 day simple moving average of $14.65. 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 earnings results on Tuesday, August 5th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.02). The firm had revenue of $6.71 billion for the quarter, compared to analyst estimates of $5.72 billion. Adecco had a return on equity of 10.94% and a net margin of 1.26%. On average, sell-side analysts predict that Adecco will post 1.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AHEXY shares. Cfra Research raised shares of Adecco from a "moderate sell" rating to a "hold" rating in a report on Wednesday, August 6th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Adecco in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Adecco 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.