Adidas AG (OTCMKTS:ADDYY) Short Interest Up 126.4% in July

Key Points

• Adidas AG experienced a significant increase in short interest, rising by 126.4% in July, totaling 32,600 shares by the end of the month.
• Bank of America has upgraded Adidas from a "neutral" to a "buy" rating, with multiple analysts giving the company an average rating of "Buy."
• The company reported a quarterly profit of $1.15 EPS, exceeding the analyst estimate of $1.13, along with revenue of $6.86 billion for the quarter.

Adidas AG (OTCMKTS:ADDYY - Get Free Report) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 32,600 shares, agrowthof126.4% from the July 15th total of 14,400 shares. Based on an average trading volume of 276,600 shares, the short-interest ratio is presently 0.1 days. Currently,0.0% of the company's stock are sold short. Currently,0.0% of the company's stock are sold short. Based on an average trading volume of 276,600 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ADDYY. Bank of America upgraded shares of Adidas from a "neutral" rating to a "buy" rating in a report on Thursday, April 24th. DZ Bank upgraded shares of Adidas from a "hold" rating to a "strong-buy" rating in a report on Friday, May 23rd. Baird R W upgraded shares of Adidas from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. Finally, Piper Sandler started coverage on shares of Adidas in a report on Monday, May 5th. They issued an "overweight" rating on the stock. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy".

Adidas Trading Down 0.6%

OTCMKTS:ADDYY opened at $97.49 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.72 and a current ratio of 1.29. The firm has a market cap of $34.81 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 0.53 and a beta of 1.18. Adidas has a 52 week low of $94.33 and a 52 week high of $137.73. The firm has a 50-day moving average price of $112.79 and a two-hundred day moving average price of $118.94.

Adidas (OTCMKTS:ADDYY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm had revenue of $6.86 billion during 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, equities analysts expect that Adidas will post 2.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Adidas

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Adidas by 17.8% in the first quarter. GAMMA Investing LLC now owns 1,057 shares of the company's stock valued at $125,000 after buying an additional 160 shares during the period. Yousif Capital Management LLC lifted its position in shares of Adidas by 9.4% during the 2nd quarter. Yousif Capital Management LLC now owns 5,221 shares of the company's stock valued at $607,000 after buying an additional 450 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Adidas by 7.9% during the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company's stock valued at $1,139,000 after buying an additional 709 shares during the last quarter. Finally, Mar Vista Investment Partners LLC lifted its position in shares of Adidas by 4.0% during the 2nd quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company's stock valued at $3,550,000 after buying an additional 1,180 shares during the last quarter.

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.

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