Adecco Group AG (OTCMKTS:AHEXY) Sees Significant Growth in Short Interest

Adecco Group AG (OTCMKTS:AHEXY) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 4,200 shares, a growth of 2,000.0% from the March 31st total of 200 shares. Based on an average trading volume of 42,400 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Royal Bank of Canada cut Adecco Group from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 10th.

Adecco Group Trading Up 2.0 %

OTCMKTS AHEXY opened at $17.35 on Friday. The stock’s fifty day moving average price is $19.38 and its 200-day moving average price is $21.16. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.85. The stock has a market cap of $5.84 billion, a P/E ratio of 16.05, a P/E/G ratio of 0.71 and a beta of 1.46. Adecco Group has a 12 month low of $14.77 and a 12 month high of $24.70.

Adecco Group (OTCMKTS:AHEXY) last released its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.40 earnings per share for the quarter. The business had revenue of $6.58 billion during the quarter. Adecco Group had a net margin of 1.36% and a return on equity of 13.57%. As a group, equities analysts forecast that Adecco Group will post 1.69 EPS for the current fiscal year.

Adecco Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 2nd. Investors of record on Wednesday, April 17th will be issued a $0.8351 dividend. This is a positive change from Adecco Group’s previous dividend of $0.35. The ex-dividend date of this dividend is Tuesday, April 16th. Adecco Group’s payout ratio is presently 77.36%.

About Adecco Group

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.