adidas AG (OTCMKTS:ADDYY) Short Interest Down 83.5% in April

adidas AG (OTCMKTS:ADDYY - Get Free Report) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 4,000 shares, a decline of 83.5% from the March 31st total of 24,300 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 285,600 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On adidas

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in shares of adidas by 13.3% during the fourth quarter. GAMMA Investing LLC now owns 897 shares of the company's stock worth $109,000 after purchasing an additional 105 shares in the last quarter. Rhumbline Advisers raised its position in shares of adidas by 7.9% in the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company's stock valued at $1,139,000 after purchasing an additional 709 shares in the last quarter. Madison Investment Advisors LLC purchased a new position in shares of adidas during the 4th quarter valued at approximately $2,437,000. Finally, Mar Vista Investment Partners LLC increased its stake in shares of adidas by 2.6% in the fourth quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company's stock worth $3,556,000 after buying an additional 731 shares during the last quarter.

adidas Price Performance

adidas stock traded down $6.08 during midday trading on Thursday, reaching $114.45. 39,671 shares of the company were exchanged, compared to its average volume of 57,997. adidas has a 1 year low of $99.40 and a 1 year high of $137.73. The company has a market capitalization of $40.87 billion, a price-to-earnings ratio of 88.04 and a beta of 1.14. The firm's 50-day simple moving average is $119.03 and its 200-day simple moving average is $122.27. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.32.

adidas (OTCMKTS:ADDYY - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.01. The business had revenue of $7 billion for the quarter, compared to analysts' expectations of $6.33 billion. adidas had a return on equity of 7.39% and a net margin of 1.91%. On average, analysts anticipate that adidas will post 2.27 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Berenberg Bank raised adidas to a "hold" rating in a report on Tuesday, April 15th. Hsbc Global Res upgraded shares of adidas from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Sanford C. Bernstein raised shares of adidas from a "market perform" rating to an "outperform" rating in a report on Monday, January 6th. Baird R W upgraded shares of adidas from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 21st. Finally, Bank of America upgraded shares of adidas from a "neutral" rating to a "buy" rating in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

adidas Company Profile

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.