adidas AG (OTCMKTS:ADDYY) Short Interest Down 20.2% in December

adidas AG (OTCMKTS:ADDYY) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 7,500 shares, a drop of 20.2% from the November 30th total of 9,400 shares. Based on an average daily trading volume, of 76,600 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On adidas

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in shares of adidas by 29.4% in the third quarter. GAMMA Investing LLC now owns 792 shares of the company’s stock valued at $105,000 after purchasing an additional 180 shares during the period. Capital Square LLC purchased a new position in adidas in the second quarter valued at about $1,616,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of adidas during the 2nd quarter valued at approximately $4,809,000.

adidas Stock Down 1.1 %

Shares of OTCMKTS:ADDYY opened at $122.71 on Monday. adidas has a 52 week low of $88.03 and a 52 week high of $134.39. The company has a 50-day moving average price of $119.74 and a 200 day moving average price of $121.77. The company has a market cap of $43.82 billion, a P/E ratio of 94.39 and a beta of 1.20.

adidas (OTCMKTS:ADDYY) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.09 by $0.25. adidas had a return on equity of 7.93% and a net margin of 1.91%. The business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.01 billion. Analysts expect that adidas will post 2.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on ADDYY shares. HSBC downgraded adidas from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Barclays restated an “equal weight” rating on shares of adidas in a research note on Monday, September 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

adidas Company Profile

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.