Adecco SA (OTCMKTS:AHEXY) Sees Significant Drop in Short Interest

Key Points

• Adecco’s short interest fell 65.7% to 1,340 shares as of October 15, representing just 0.0% of shares outstanding and a days-to-cover ratio of 0.1.
• The company exceeded quarterly expectations, reporting $0.35 in EPS versus a $0.30 consensus and revenue of $6.93 billion versus $6.83 billion expected.
• Analyst sentiment remains mixed but averages a “Hold” rating: one analyst rates the stock Strong Buy, one Buy, four Hold and two Sell.

Adecco SA (OTCMKTS:AHEXY - Get Free Report) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 1,340 shares, a decline of 65.7% from the September 30th total of 3,903 shares. Based on an average trading volume of 14,193 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company's stock are short sold.

Adecco Stock Performance

Shares of OTCMKTS AHEXY opened at $13.81 on Thursday. The firm's 50-day moving average price is $14.28 and its 200-day moving average price is $12.75. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.86. The company has a market cap of $4.80 billion, a PE ratio of 13.68, a PEG ratio of 1.31 and a beta of 0.94. Adecco has a 52-week low of $8.98 and a 52-week high of $16.26.

Adecco (OTCMKTS:AHEXY - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.05. The firm had revenue of $6.93 billion during the quarter, compared to analyst estimates of $6.83 billion. Adecco had a net margin of 1.25% and a return on equity of 12.67%. As a group, analysts anticipate that Adecco will post 1.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AHEXY. Kepler Capital Markets downgraded Adecco from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 14th. Zacks Research upgraded shares of Adecco from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Morgan Stanley reissued an "underweight" rating on shares of Adecco in a research report on Tuesday, September 8th. BNP Paribas Exane upgraded shares of Adecco from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 17th. Finally, Jefferies Financial Group upgraded shares of Adecco from a "moderate sell" rating to a "hold" rating in a research note on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold".

About Adecco

Adecco, part of The Adecco Group, is a global workforce-solutions and human-resources services company. It connects businesses with temporary and permanent employees and provides recruitment, staffing, workforce management and related talent services across a range of industries, including office and administrative roles, manufacturing, logistics, technology and professional services.

The company also offers career transition and outplacement support, leadership development, skills training and consulting services.

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