Adecco Group AG (OTCMKTS:AHEXY) Short Interest Down 73.4% in November

Adecco Group AG (OTCMKTS:AHEXY) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 14,300 shares, a drop of 73.4% from the November 15th total of 53,700 shares. Based on an average daily trading volume, of 249,600 shares, the days-to-cover ratio is currently 0.1 days.

Adecco Group Trading Down 0.9 %

Shares of Adecco Group stock opened at $13.49 on Thursday. The stock’s 50-day simple moving average is $14.71 and its 200 day simple moving average is $16.22. The stock has a market capitalization of $4.54 billion, a P/E ratio of 14.05, a P/E/G ratio of 1.38 and a beta of 1.38. Adecco Group has a 52-week low of $12.76 and a 52-week high of $24.70. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.01.

Analyst Upgrades and Downgrades

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

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.