adidas AG (OTCMKTS:ADDYY) Sees Large Growth in Short Interest

adidas AG (OTCMKTS:ADDYY - Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 11,000 shares, an increase of 57.1% from the April 30th total of 7,000 shares. Based on an average trading volume of 75,800 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ADDYY shares. Bank of America upgraded adidas from a "neutral" rating to a "buy" rating in a research report on Thursday, April 24th. Baird R W raised adidas from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 21st. Berenberg Bank raised adidas to a "hold" rating in a research note on Tuesday, April 15th. Piper Sandler began coverage on adidas in a report on Monday, May 5th. They issued an "overweight" rating for the company. Finally, DZ Bank raised adidas from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 23rd. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, adidas has an average rating of "Buy".

Institutional Investors Weigh In On adidas

Several hedge funds have recently made changes to their positions in ADDYY. Madison Investment Advisors LLC bought a new stake in shares of adidas in the fourth quarter valued at about $2,437,000. Mar Vista Investment Partners LLC increased its position in adidas by 2.6% during the 4th quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company's stock valued at $3,556,000 after purchasing an additional 731 shares during the period. GAMMA Investing LLC raised its holdings in shares of adidas by 13,801.2% in the 1st quarter. GAMMA Investing LLC now owns 124,694 shares of the company's stock valued at $14,710,000 after purchasing an additional 123,797 shares in the last quarter. Finally, Rhumbline Advisers lifted 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 worth $1,139,000 after purchasing an additional 709 shares during the period.

adidas Trading Down 0.6%

Shares of OTCMKTS:ADDYY traded down $0.79 during trading hours on Friday, hitting $124.27. 82,494 shares of the company's stock traded hands, compared to its average volume of 54,007. The firm has a market capitalization of $44.37 billion, a P/E ratio of 95.59 and a beta of 1.24. The business has a fifty day moving average price of $117.57 and a 200-day moving average price of $122.53. adidas has a 1 year low of $99.40 and a 1 year high of $137.73. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.32 and a quick ratio of 0.78.

adidas (OTCMKTS:ADDYY - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.01. adidas had a net margin of 1.91% and a return on equity of 7.39%. The firm had revenue of $7 billion during the quarter, compared to analyst estimates of $6.33 billion. Equities analysts expect that adidas will post 2.27 earnings per share for the current year.

adidas Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 20th were given a dividend of $0.7565 per share. The ex-dividend date was Monday, May 19th. This is a positive change from adidas's previous dividend of $0.24. This represents a yield of 0.62%. adidas's payout ratio is 24.43%.

About adidas

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.