Adecco SA (OTCMKTS:AHEXY) Short Interest Update

Key Points

• Short interest rose sharply to 894 shares as of July 31, up 794% from 100 shares two weeks earlier, though it still represents roughly 0.0% of outstanding stock.
• Adecco shares fell 1.6% to $14.48, while the company’s latest quarterly results exceeded expectations with earnings of $0.35 per share and revenue of $6.93 billion.
• Analyst sentiment remains mixed, with ratings ranging from Strong Buy to Sell; MarketBeat reports an overall consensus rating of Hold.

Adecco SA (OTCMKTS:AHEXY - Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 894 shares, a growth of 794.0% from the July 15th total of 100 shares. Approximately 0.0% of the company's stock are short sold. Based on an average trading volume of 18,496 shares, the short-interest ratio is currently 0.0 days.

Adecco Stock Down 1.6%

Shares of AHEXY stock traded down $0.23 during trading hours on Tuesday, hitting $14.48. 9,536 shares of the company were exchanged, compared to its average volume of 9,271. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 14.34, a P/E/G ratio of 1.24 and a beta of 0.94. Adecco has a one year low of $8.98 and a one year high of $16.73. The business's 50-day simple moving average is $11.39 and its two-hundred day simple moving average is $12.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.06 and a current ratio of 1.06.

Adecco (OTCMKTS:AHEXY - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. Adecco had a return on equity of 12.78% and a net margin of 1.25%.The firm had revenue of $6.93 billion during the quarter, compared to analyst estimates of $6.83 billion. Sell-side analysts predict that Adecco will post 1.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on AHEXY shares. Morgan Stanley reiterated an "underweight" rating on shares of Adecco in a research note on Monday. BNP Paribas Exane upgraded Adecco from a "hold" rating to a "strong-buy" rating in a report on Friday, July 17th. Zacks Research raised Adecco from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Citigroup cut Adecco from a "strong-buy" rating to a "neutral" rating in a research note on Thursday, April 30th. Finally, UBS Group downgraded shares of Adecco from a "hold" rating to a "sell" rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Adecco currently has an average rating of "Hold".

About Adecco

Adecco Group AG is a global human resources and workforce solutions provider headquartered in Zurich, Switzerland. The company specializes in temporary staffing, permanent placement, career transition, and talent development services. Its core business activities include matching job seekers with client companies, managing contingent workforce solutions, and offering consulting services related to workforce management and organizational effectiveness.

Founded in 1996 through the merger of the Swiss companies Adia Interim and ECCO, Adecco has grown into one of the world's largest staffing firms.

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