Short Interest in Adecco SA (OTCMKTS:AHEXY) Increases By 97.2%

Adecco SA (OTCMKTS:AHEXY) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 12,811 shares, an increase of 97.2% from the May 31st total of 6,498 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 45,254 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

Several research firms have recently issued reports on AHEXY. UBS Group lowered Adecco from a “hold” rating to a “sell” rating in a research note on Monday, May 18th. Zacks Research lowered Adecco from a “hold” rating to a “strong sell” rating in a report on Friday, May 15th. Citigroup downgraded Adecco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 30th. Finally, Morgan Stanley lowered shares of Adecco from a “cautious” rating to an “underweight” rating in a research note on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Adecco Trading Up 4.6%

AHEXY opened at $9.77 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s 50 day moving average price is $10.26 and its 200-day moving average price is $12.33. Adecco has a one year low of $8.98 and a one year high of $16.83. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 9.31, a P/E/G ratio of 0.80 and a beta of 0.98.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.55 billion. Adecco had a return on equity of 12.09% and a net margin of 1.31%. On average, equities analysts forecast that Adecco will post 1.41 EPS for the current year.

Adecco Company Profile

Adecco Group AG is a global human resources and workforce solutions provider headquartered in Zurich, Switzerland. The company specializes in temporary staffing, permanent placement, career transition, and talent development services. Its core business activities include matching job seekers with client companies, managing contingent workforce solutions, and offering consulting services related to workforce management and organizational effectiveness.

Founded in 1996 through the merger of the Swiss companies Adia Interim and ECCO, Adecco has grown into one of the world’s largest staffing firms.