Adidas AG (OTCMKTS:ADDYY) Short Interest Update

Key Points

• Adidas AG experienced a significant increase in short interest, rising by 60.4% in September to a total of 66,100 shares.
• The company's last earnings report showed $1.15 earnings per share, beating estimates, with quarterly revenue of $6.86 billion.
• Analysts have given Adidas a consensus rating of "Buy", with three analysts rating it as a Strong Buy and several upgrades in recent months.

Adidas AG (OTCMKTS:ADDYY - Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 66,100 shares, a growth of 60.4% from the August 31st total of 41,200 shares. Based on an average trading volume of 171,200 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 171,200 shares, the days-to-cover ratio is presently 0.4 days.

Adidas Trading Up 0.8%

OTCMKTS:ADDYY opened at $110.25 on Monday. Adidas has a 12-month low of $94.33 and a 12-month high of $137.73. 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's 50 day simple moving average is $102.02 and its 200-day simple moving average is $112.61. The firm has a market cap of $39.37 billion, a P/E ratio of 30.04, a PEG ratio of 0.59 and a beta of 1.22.

Adidas (OTCMKTS:ADDYY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The firm had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.30 billion. Adidas had a return on equity of 20.68% and a net margin of 4.93%. Equities analysts anticipate that Adidas will post 2.27 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Adidas by 17.8% during the 1st quarter. GAMMA Investing LLC now owns 1,057 shares of the company's stock valued at $125,000 after acquiring an additional 160 shares during the period. Yousif Capital Management LLC increased its stake in Adidas by 9.4% in the 2nd quarter. Yousif Capital Management LLC now owns 5,221 shares of the company's stock valued at $607,000 after purchasing an additional 450 shares in the last quarter. Rhumbline Advisers increased its stake in 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. Finally, Mar Vista Investment Partners LLC raised its holdings 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 purchasing an additional 1,180 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded shares of Adidas from a "hold" rating to a "buy" rating in a research report on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Adidas has a consensus rating of "Buy".

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.

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