Short Interest in Adecco Group AG (OTCMKTS:AHEXY) Increases By 50.8%

Adecco Group AG (OTCMKTS:AHEXY) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 53,700 shares, a growth of 50.8% from the October 31st total of 35,600 shares. Based on an average daily volume of 270,700 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AHEXY. Royal Bank of Canada upgraded Adecco Group from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, November 6th. BNP Paribas upgraded shares of Adecco Group to a “hold” rating in a research note on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft raised Adecco Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd.

Adecco Group Price Performance

OTCMKTS:AHEXY traded up $0.37 during trading hours on Friday, reaching $13.32. 83,019 shares of the company were exchanged, compared to its average volume of 132,354. The stock’s 50-day moving average is $15.29 and its 200-day moving average is $16.63. Adecco Group has a twelve month low of $12.76 and a twelve month high of $24.70. The firm has a market cap of $4.49 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 1.36 and a beta of 1.44. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78.

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.