Adecco Group AG (OTCMKTS:AHEXY) Short Interest Up 477.5% in October

Adecco Group AG (OTCMKTS:AHEXY) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 79,700 shares, an increase of 477.5% from the September 30th total of 13,800 shares. Based on an average trading volume of 84,000 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upgraded Adecco Group from a “hold” rating to a “buy” rating in a research report on Wednesday.

Adecco Group Stock Down 0.3 %

OTCMKTS:AHEXY opened at $16.11 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 1.00. Adecco Group has a one year low of $15.58 and a one year high of $24.70. The firm’s 50 day simple moving average is $16.47 and its 200 day simple moving average is $17.26. The company has a market cap of $5.43 billion, a PE ratio of 16.11, a P/E/G ratio of 1.19 and a beta of 1.44.

Adecco Group (OTCMKTS:AHEXY) last announced its earnings results on Tuesday, August 6th. The business services provider reported $0.34 EPS for the quarter. The firm had revenue of $6.29 billion for the quarter. Adecco Group had a return on equity of 13.25% and a net margin of 1.28%. On average, research analysts anticipate that Adecco Group will post 1.47 earnings per share for the current year.

Adecco Group Company Profile

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.