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

Adecco Group AG (OTCMKTS:AHEXY - Get Free Report) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 200 shares, a decline of 97.3% from the March 15th total of 7,300 shares. Based on an average daily volume of 33,900 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lowered Adecco Group from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, January 10th.

Adecco Group Price Performance

Adecco Group stock traded down $0.25 during midday trading on Wednesday, reaching $18.74. 13,108 shares of the stock traded hands, compared to its average volume of 14,196. The stock's fifty day moving average is $20.13 and its 200-day moving average is $21.36. Adecco Group has a 12 month low of $14.77 and a 12 month high of $24.70. The stock has a market cap of $6.31 billion, a P/E ratio of 17.68, a PEG ratio of 0.77 and a beta of 1.46. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.85.

Adecco Group (OTCMKTS:AHEXY - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The business services provider reported $0.40 EPS for the quarter. Adecco Group had a return on equity of 13.57% and a net margin of 1.36%. The company had revenue of $6.58 billion during the quarter. As a group, equities research analysts anticipate that Adecco Group will post 1.72 EPS for the current year.

Adecco Group Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, May 2nd. Investors of record on Wednesday, April 17th will be paid a dividend of $0.8351 per share. The ex-dividend date is Tuesday, April 16th. This is a positive change from Adecco Group's previous dividend of $0.35. Adecco Group's dividend payout ratio is presently 33.96%.

About Adecco Group

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.