Adecco SA (OTCMKTS:AHEXY) Sees Large Growth in Short Interest

Adecco SA (OTCMKTS:AHEXY) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 5,086 shares, a growth of 1,340.8% from the April 30th total of 353 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 58,728 shares, the short-interest ratio is presently 0.1 days.

Adecco Price Performance

OTCMKTS:AHEXY traded up $0.13 during mid-day trading on Wednesday, reaching $10.15. The stock had a trading volume of 27,809 shares, compared to its average volume of 26,433. Adecco has a 12 month low of $9.25 and a 12 month high of $16.83. The stock has a market capitalization of $3.53 billion, a PE ratio of 9.67, a P/E/G ratio of 0.84 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a 50-day simple moving average of $11.33 and a two-hundred day simple moving average of $13.21.

Adecco (OTCMKTS:AHEXY) last released its earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. The firm had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.55 billion. Adecco had a return on equity of 12.36% and a net margin of 1.31%. On average, equities analysts anticipate that Adecco will post 1.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

AHEXY has been the subject of a number of recent analyst reports. Citigroup downgraded Adecco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 30th. Zacks Research downgraded Adecco from a “hold” rating to a “strong sell” rating in a research note on Friday, May 15th. Finally, UBS Group cut shares of Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About Adecco

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.