Short Interest in adidas AG (OTCMKTS:ADDYY) Decreases By 61.7%

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adidas AG (OTCMKTS:ADDYY – Get Rating) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 7,200 shares, a decline of 61.7% from the March 15th total of 18,800 shares. Based on an average daily trading volume, of 233,000 shares, the short-interest ratio is presently 0.0 days.

Several research firms recently issued reports on ADDYY. Robert W. Baird upgraded adidas from a “neutral” rating to an “outperform” rating in a report on Friday, March 25th. Baader Bank cut adidas to a “reduce” rating and set a €190.00 ($206.52) price objective on the stock. in a report on Wednesday. Royal Bank of Canada upgraded adidas from a “sector perform” rating to an “outperform” rating in a report on Monday, January 10th. Deutsche Bank Aktiengesellschaft lowered their target price on adidas from €340.00 ($369.57) to €315.00 ($342.39) in a report on Friday, March 11th. Finally, Telsey Advisory Group restated an “outperform” rating on shares of adidas in a report on Wednesday, March 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $268.50.

adidas stock opened at $107.59 on Thursday. adidas has a twelve month low of $93.86 and a twelve month high of $199.44. The stock’s fifty day simple moving average is $119.42 and its 200-day simple moving average is $139.71. The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $41.97 billion, a P/E ratio of 16.68, a P/E/G ratio of 1.09 and a beta of 0.92.

Institutional investors have recently bought and sold shares of the company. Mitchell Capital Management Co. increased its holdings in adidas by 1.5% in the third quarter. Mitchell Capital Management Co. Now owns 9,342 shares of the company’s stock valued at $1,477,000 after buying an additional 137 shares in the last quarter. Captrust Financial Advisors increased its holdings in adidas by 11.8% in the third quarter. Captrust Financial Advisors now owns 1,423 shares of the company’s stock valued at $225,000 after buying an additional 150 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in adidas by 78.7% in the third quarter. PNC Financial Services Group Inc. Now owns 520 shares of the company’s stock valued at $82,000 after buying an additional 229 shares in the last quarter. Henry James International Management Inc. increased its holdings in adidas by 9.9% in the fourth quarter. Henry James International Management Inc. Now owns 4,043 shares of the company’s stock valued at $582,000 after buying an additional 364 shares in the last quarter. Finally, Laffer Tengler Investments increased its holdings in adidas by 30.5% in the third quarter. Laffer Tengler Investments now owns 1,817 shares of the company’s stock valued at $287,000 after buying an additional 425 shares in the last quarter. 0.03% of the stock is currently owned by institutional investors and hedge funds.

About adidas (Get Rating)

adidas AG, together with its subsidiaries, designs, develops, distributes, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and accessories and gear, such as bags and balls under the adidas brand. It sells its products through approximately 2,200 own-retail stores; mono-branded franchise stores and shop-in-shops; and wholesale and its e-commerce channels.

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