adidas AG (OTCMKTS:ADDDF) Sees Large Growth in Short Interest

adidas AG (OTCMKTS:ADDDF) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,200,000 shares, an increase of 12.8% from the October 31st total of 1,063,400 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is currently 4,000.0 days.

adidas Price Performance

Shares of OTCMKTS:ADDDF opened at $235.06 on Monday. adidas has a 12-month low of $175.25 and a 12-month high of $270.25. The business has a 50 day moving average of $242.52 and a two-hundred day moving average of $242.63.

About adidas

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.