Adecco SA (OTCMKTS:AHEXY) Short Interest Update

Key Points

• Short interest fell 78.9% to 189 shares as of August 14, representing virtually 0% of Adecco’s stock and a short-interest ratio of 0.0 days.
• Analyst sentiment remains mixed, with one Strong Buy, one Buy, two Hold, and two Sell ratings; the consensus rating is Hold.
• Adecco reported quarterly EPS of $0.35, beating estimates by $0.05, while revenue of $6.93 billion also exceeded expectations. The Ohio public employees’ retirement system separately acquired 488,940 shares valued at about $7.35 million.

Adecco SA (OTCMKTS:AHEXY - Get Free Report) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 189 shares, a drop of 78.9% from the July 30th total of 894 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 12,378 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

AHEXY has been the topic of a number of research analyst reports. Citigroup downgraded Adecco from a "strong-buy" rating to a "neutral" rating in a report on Thursday, April 30th. UBS Group cut shares of Adecco from a "hold" rating to a "sell" rating in a research report on Monday, May 18th. BNP Paribas Exane upgraded shares of Adecco from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 17th. Morgan Stanley reaffirmed an "underweight" rating on shares of Adecco in a report on Monday, August 10th. Finally, Zacks Research upgraded Adecco from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold".

Adecco Stock Performance

AHEXY stock opened at $15.02 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.06 and a quick ratio of 1.06. The company has a 50 day moving average price of $12.28 and a 200 day moving average price of $12.01. Adecco has a fifty-two week low of $8.98 and a fifty-two week high of $16.26. The stock has a market capitalization of $5.22 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 1.23 and a beta of 0.94.

Adecco (OTCMKTS:AHEXY - Get Free Report) last released its earnings results on Thursday, August 6th. The business services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. Adecco had a return on equity of 12.78% and a net margin of 1.25%.The company had revenue of $6.93 billion during the quarter, compared to analysts' expectations of $6.83 billion. Analysts forecast that Adecco will post 1.42 EPS for the current year.

Institutional Trading of Adecco

A hedge fund recently bought a new stake in Adecco stock. Public Employees Retirement System of Ohio bought a new stake in Adecco SA (OTCMKTS:AHEXY - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 488,940 shares of the business services provider's stock, valued at approximately $7,354,000. Public Employees Retirement System of Ohio owned about 0.14% of Adecco at the end of the most recent quarter.

About Adecco

Adecco Group AG is a global human resources and workforce solutions provider headquartered in Zurich, Switzerland. The company specializes in temporary staffing, permanent placement, career transition, and talent development services. Its core business activities include matching job seekers with client companies, managing contingent workforce solutions, and offering consulting services related to workforce management and organizational effectiveness.

Founded in 1996 through the merger of the Swiss companies Adia Interim and ECCO, Adecco has grown into one of the world's largest staffing firms.

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