Adidas AG (OTCMKTS:ADDYY) Short Interest Update

Adidas AG (OTCMKTS:ADDYY) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 7,629 shares, a decline of 90.3% from the June 30th total of 78,600 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 157,520 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Adidas

A hedge fund recently raised its stake in Adidas stock. GAMMA Investing LLC increased its stake in shares of Adidas AG (OTCMKTS:ADDYY) by 53.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,101 shares of the company’s stock after buying an additional 732 shares during the period. GAMMA Investing LLC’s holdings in Adidas were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ADDYY. Piper Sandler restated an “overweight” rating on shares of Adidas in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adidas in a research note on Tuesday, June 30th. Royal Bank Of Canada upgraded shares of Adidas from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, June 10th. Zacks Research upgraded shares of Adidas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. started coverage on shares of Adidas in a report on Thursday, July 2nd. They issued an “overweight” rating on the stock. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.02.

Adidas Price Performance

ADDYY stock traded up $1.51 on Friday, reaching $98.50. 138,718 shares of the company’s stock were exchanged, compared to its average volume of 95,121. The stock has a fifty day moving average of $98.71 and a 200-day moving average of $90.61. The firm has a market cap of $35.20 billion, a PE ratio of 21.70, a P/E/G ratio of 1.33 and a beta of 1.24. The company has a quick ratio of 0.71, a current ratio of 1.35 and a debt-to-equity ratio of 0.31. Adidas has a twelve month low of $75.19 and a twelve month high of $118.00.

Adidas (OTCMKTS:ADDYY) last released its earnings results on Wednesday, April 29th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. The company had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.36 billion. Adidas had a return on equity of 22.97% and a net margin of 5.52%. As a group, equities analysts predict that Adidas will post 5.48 EPS for the current fiscal year.

About Adidas

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.