Short Interest in Adecco SA (OTCMKTS:AHEXY) Rises By 9,800.0%

Key Points

• Short interest in Adecco SA surged by 9,800.0% in September, reaching a total of 9,900 shares compared to just 100 shares in August, reflecting significant changes in market sentiment.
• Equities analysts upgraded Adecco's rating, with Sanford C. Bernstein moving it from "hold" to "outperform," while other firms maintained or adjusted their ratings, resulting in an average rating of "Moderate Buy."
• Adecco reported earnings of $0.26 per share for the last quarter, falling short of expectations, although it achieved higher revenue of $6.71 billion compared to the analyst estimates of $5.72 billion.

Adecco SA (OTCMKTS:AHEXY - Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 9,900 shares, an increase of 9,800.0% from the August 31st total of 100 shares. Based on an average trading volume of 13,300 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 13,300 shares, the short-interest ratio is presently 0.7 days.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Sanford C. Bernstein upgraded Adecco from a "hold" rating to an "outperform" rating in a report on Monday, September 22nd. Royal Bank Of Canada reiterated an "outperform" rating on shares of Adecco in a report on Tuesday, August 12th. Jefferies Financial Group upgraded Adecco from a "moderate sell" rating to a "hold" rating in a report on Thursday, September 11th. Finally, Cfra Research upgraded Adecco from a "moderate sell" rating to a "hold" rating in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Adecco Stock Performance

AHEXY traded down $0.10 during trading on Tuesday, hitting $14.01. The stock had a trading volume of 1,153 shares, compared to its average volume of 46,106. The company has a 50 day moving average price of $15.24 and a 200-day moving average price of $14.60. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 14.90, a P/E/G ratio of 1.16 and a beta of 1.18. Adecco has a one year low of $11.08 and a one year high of $16.89. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.03 and a quick ratio of 1.03.

Adecco (OTCMKTS:AHEXY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The business services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). Adecco had a net margin of 1.26% and a return on equity of 10.94%. The company had revenue of $6.71 billion during the quarter, compared to analyst estimates of $5.72 billion. As a group, research analysts predict that Adecco will post 1.32 EPS for the current year.

Adecco 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.

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