Adecco Group AG (OTCMKTS:AHEXY) Sees Large Growth in Short Interest

Adecco Group AG (OTCMKTS:AHEXY - Get Free Report) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 4,200 shares, an increase of 2,000.0% from the March 31st total of 200 shares. Based on an average daily volume of 42,400 shares, the short-interest ratio is currently 0.1 days.

Adecco Group Stock Down 0.5 %

OTCMKTS AHEXY traded down $0.09 during trading hours on Thursday, hitting $17.01. 132,764 shares of the company were exchanged, compared to its average volume of 19,960. The company has a 50 day moving average of $19.46 and a two-hundred day moving average of $21.19. 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 has a 52-week low of $14.77 and a 52-week high of $24.70. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 0.70 and a beta of 1.46.

Adecco Group (OTCMKTS:AHEXY - Get Free Report) last released its quarterly earnings data 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 business had revenue of $6.58 billion for the quarter. Equities research analysts anticipate that Adecco Group will post 1.69 earnings per share 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 of this dividend is Tuesday, April 16th. This is an increase from Adecco Group's previous dividend of $0.35. Adecco Group's dividend payout ratio (DPR) is currently 77.36%.

Analyst Ratings Changes

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 Company Profile

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.