adidas AG (OTCMKTS:ADDDF – Get Free Report) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 325,375 shares, a decline of 36.5% from the April 15th total of 512,682 shares. Based on an average daily trading volume, of 531 shares, the short-interest ratio is presently 612.8 days.
adidas Stock Performance
adidas stock opened at $176.50 on Monday. adidas has a 52 week low of $145.65 and a 52 week high of $251.74. The firm’s 50-day simple moving average is $161.74 and its 200 day simple moving average is $177.16.
About adidas
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.
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