Adecco SA (OTCMKTS:AHEXY) Stock Short Interest Report for September

Key Points

• Short interest surged 662.3% in September to 3,903 shares, though that represents approximately 0.0% of Adecco’s shares and only 0.1 days to cover.
• Analyst sentiment remains mixed, with Adecco receiving an overall “Hold” rating; recent actions included upgrades from BNP Paribas Exane and Jefferies, alongside Morgan Stanley’s reiterated “Underweight” rating.
• Adecco shares opened at $14.35, up 2.9%, while its latest quarterly results exceeded expectations: EPS was $0.35 versus a $0.30 consensus estimate, and revenue reached $6.93 billion.

Adecco SA (OTCMKTS:AHEXY - Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 3,903 shares, a growth of 662.3% from the September 15th total of 512 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 29,811 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AHEXY. Morgan Stanley restated an "underweight" rating on shares of Adecco in a research note on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Adecco in a research report on Wednesday, September 9th. BNP Paribas Exane raised shares of Adecco from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 17th. Jefferies Financial Group upgraded shares of Adecco from a "moderate sell" rating to a "hold" rating in a research note on Thursday, September 10th. Finally, Zacks Research raised 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 given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Adecco has an average rating of "Hold".

Adecco Stock Up 2.9%

Shares of AHEXY opened at $14.35 on Friday. The company has a market capitalization of $4.98 billion, a P/E ratio of 14.20, a PEG ratio of 1.33 and a beta of 0.94. Adecco has a one year low of $8.98 and a one year high of $16.26. The business's 50 day simple moving average is $14.57 and its 200-day simple moving average is $12.29. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.15 and a quick ratio of 1.15.

Adecco (OTCMKTS:AHEXY - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $6.93 billion for the quarter, compared to analyst estimates of $6.83 billion. Adecco had a return on equity of 12.67% and a net margin of 1.25%. As a group, sell-side analysts predict that Adecco will post 1.45 EPS for the current fiscal year.

Adecco Company Profile

Adecco is a global workforce solutions and talent advisory company headquartered in Zurich, Switzerland. It helps organizations recruit, place and manage employees across a range of industries, while also supporting job seekers with career opportunities, skills development and workforce guidance.

The company's services include temporary and permanent staffing, recruitment, career transition and outplacement, talent development, outsourcing and workforce consulting. Adecco operates through brands and business lines that include Adecco for staffing and recruitment, Akkodis for technology and engineering consulting, and LHH for professional recruitment, leadership development and career transition services.

Adecco traces its history to the 1996 merger of the Swiss staffing company Adia and France's Ecco.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.