Adidas AG (OTCMKTS:ADDYY) Short Interest Update

Key Points

• Adidas AG experienced a significant increase in short interest, rising by 256.1% from 32,600 shares at the end of July to 116,100 shares by August 15th.
• The company reported $1.15 earnings per share, exceeding analysts' expectations of $1.13, along with revenues of $6.86 billion in its most recent quarter.
• Institutional investors have been increasing their positions in Adidas, with GAMMA Investing LLC and Yousif Capital Management LLC showing notable boosts in their holdings.

Adidas AG (OTCMKTS:ADDYY - Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 116,100 shares, agrowthof256.1% from the July 31st total of 32,600 shares. Based on an average daily trading volume, of 267,200 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 267,200 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Adidas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Adidas by 17.8% during the 1st quarter. GAMMA Investing LLC now owns 1,057 shares of the company's stock worth $125,000 after buying an additional 160 shares during the period. Yousif Capital Management LLC increased its position in shares of Adidas by 9.4% in the 2nd quarter. Yousif Capital Management LLC now owns 5,221 shares of the company's stock worth $607,000 after purchasing an additional 450 shares during the last quarter. Rhumbline Advisers raised its stake in Adidas by 7.9% during the first quarter. Rhumbline Advisers now owns 9,655 shares of the company's stock worth $1,139,000 after acquiring an additional 709 shares during the period. Finally, Mar Vista Investment Partners LLC raised its stake in Adidas by 4.0% during the second quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company's stock worth $3,550,000 after acquiring an additional 1,180 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. DZ Bank upgraded shares of Adidas from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 23rd. Jefferies Financial Group raised shares of Adidas from a "hold" rating to a "buy" rating in a report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Adidas presently has an average rating of "Buy".

Adidas Trading Up 2.1%

Shares of ADDYY traded up $2.10 during mid-day trading on Friday, reaching $103.14. The company had a trading volume of 43,548 shares, compared to its average volume of 86,312. The company has a current ratio of 1.29, a quick ratio of 0.72 and a debt-to-equity ratio of 0.31. The stock has a market cap of $36.83 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 0.57 and a beta of 1.16. The firm has a fifty day simple moving average of $107.67 and a 200-day simple moving average of $115.35. Adidas has a fifty-two week low of $94.33 and a fifty-two week high of $137.73.

Adidas (OTCMKTS:ADDYY - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. The business had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.30 billion. Adidas had a net margin of 4.93% and a return on equity of 20.68%. On average, sell-side analysts anticipate that Adidas will post 2.27 EPS for the current fiscal year.

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.