Short Interest in adidas AG (OTCMKTS:ADDDF) Declines By 40.7%

adidas AG (OTCMKTS:ADDDF) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 298,476 shares, a decline of 40.7% from the May 14th total of 503,335 shares. Based on an average daily volume of 4,473 shares, the short-interest ratio is presently 66.7 days.

adidas Price Performance

OTCMKTS ADDDF opened at $198.47 on Tuesday. adidas has a twelve month low of $145.65 and a twelve month high of $251.00. The stock has a 50-day simple moving average of $173.70 and a 200 day simple moving average of $177.26.

adidas Company Profile

adidas AG (OTCMKTS:ADDDF) is a German multinational corporation specializing in the design, manufacture and distribution of athletic footwear, apparel and accessories. The company’s product portfolio spans performance running, training, football, basketball, outdoor and lifestyle categories, serving professional athletes and everyday consumers. Through its flagship adidas brand and collaborations under labels such as Y-3 and adidas Originals, the firm delivers style-driven, technology-rich offerings worldwide.

adidas operates an integrated value chain that encompasses product design, research and development, sourcing, manufacturing and wholesale and direct-to-consumer channels.