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

Adecco Group AG (OTCMKTS:AHEXY) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 34,000 shares, a growth of 137.8% from the November 30th total of 14,300 shares. Based on an average daily trading volume, of 316,000 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AHEXY shares. Royal Bank of Canada raised shares of Adecco Group from a “hold” rating to a “moderate buy” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised Adecco Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. BNP Paribas raised Adecco Group to a “hold” rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. initiated coverage on Adecco Group in a research note on Thursday, December 5th. They issued an “underweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Adecco Group Price Performance

Shares of AHEXY opened at $12.24 on Friday. Adecco Group has a fifty-two week low of $11.90 and a fifty-two week high of $24.70. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.01 and a quick ratio of 1.01. The business’s 50-day moving average is $13.85 and its 200-day moving average is $15.73. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 1.38 and a beta of 1.38.

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.