Adecco Group AG (OTCMKTS:AHEXY) Short Interest Update

Adecco Group AG (OTCMKTS:AHEXY) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 79,700 shares, an increase of 477.5% from the September 30th total of 13,800 shares. Based on an average trading volume of 84,000 shares, the short-interest ratio is presently 0.9 days.

Adecco Group Stock Up 0.8 %

Shares of AHEXY stock traded up $0.13 during trading on Friday, hitting $16.16. 50,658 shares of the company were exchanged, compared to its average volume of 31,319. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 1.19 and a beta of 1.44. The business’s 50-day simple moving average is $16.48 and its 200 day simple moving average is $17.28. Adecco Group has a twelve month low of $15.58 and a twelve month high of $24.70.

Adecco Group (OTCMKTS:AHEXY) last posted its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.34 EPS for the quarter. The business had revenue of $6.29 billion during the quarter. Adecco Group had a net margin of 1.28% and a return on equity of 13.25%. As a group, analysts forecast that Adecco Group will post 1.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Adecco Group from a “hold” rating to a “buy” rating in a report on Wednesday.

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.