Short Interest in Adecco SA (OTCMKTS:AHEXY) Increases By 794.0%

Adecco SA (OTCMKTS:AHEXYGet Free Report) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 894 shares, an increase of 794.0% from the July 15th total of 100 shares. Based on an average trading volume of 18,496 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Adecco Trading Down 2.0%

Shares of OTCMKTS AHEXY opened at $14.20 on Thursday. The stock’s 50 day moving average price is $11.47 and its two-hundred day moving average price is $12.00. Adecco has a 52-week low of $8.98 and a 52-week high of $16.73. The stock has a market capitalization of $4.93 billion, a P/E ratio of 14.06, a PEG ratio of 1.22 and a beta of 0.94. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.73.

Adecco (OTCMKTS:AHEXYGet Free Report) last released its earnings results on Thursday, August 6th. The business services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $6.93 billion for the quarter, compared to the consensus estimate of $6.83 billion. Adecco had a return on equity of 12.78% and a net margin of 1.25%. On average, analysts anticipate that Adecco will post 1.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on AHEXY. UBS Group lowered Adecco from a “hold” rating to a “sell” rating in a research note on Monday, May 18th. Morgan Stanley reaffirmed an “underweight” rating on shares of Adecco in a research report on Monday. BNP Paribas Exane raised shares of Adecco from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Citigroup cut shares of Adecco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

Read Our Latest Report on Adecco

About Adecco

(Get Free Report)

Adecco Group AG is a global human resources and workforce solutions provider headquartered in Zurich, Switzerland. The company specializes in temporary staffing, permanent placement, career transition, and talent development services. Its core business activities include matching job seekers with client companies, managing contingent workforce solutions, and offering consulting services related to workforce management and organizational effectiveness.

Founded in 1996 through the merger of the Swiss companies Adia Interim and ECCO, Adecco has grown into one of the world’s largest staffing firms.

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