Adidas AG (OTCMKTS:ADDYY) Short Interest Down 75.5% in May

Adidas AG (OTCMKTS:ADDYY) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 17,747 shares, a decrease of 75.5% from the May 14th total of 72,481 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 110,983 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Adidas stock. Madison Asset Management LLC raised its stake in Adidas AG (OTCMKTS:ADDYY) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,125 shares of the company’s stock after acquiring an additional 1,582 shares during the quarter. Madison Asset Management LLC’s holdings in Adidas were worth $1,935,000 at the end of the most recent reporting period.

Adidas Trading Up 1.8%

Shares of OTCMKTS:ADDYY opened at $98.72 on Thursday. The company’s 50-day moving average price is $86.41 and its two-hundred day moving average price is $89.03. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.32 and a quick ratio of 0.68. Adidas has a one year low of $75.19 and a one year high of $125.69. The stock has a market capitalization of $35.28 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26.

Adidas (OTCMKTS:ADDYY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.53 by $0.05. The firm had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.36 billion. Adidas had a net margin of 5.52% and a return on equity of 23.53%. On average, equities analysts forecast that Adidas will post 5.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ADDYY has been the subject of a number of research analyst reports. Zacks Research raised shares of Adidas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Royal Bank Of Canada raised shares of Adidas from a “sector perform” rating to an “outperform” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Adidas presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.02.

Adidas Company Profile

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.