Adecco SA (OTCMKTS:AHEXY) Sees Significant Growth in Short Interest

Adecco SA (OTCMKTS:AHEXY – Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 3,903 shares, a growth of 662.3% from the September 15th total of 512 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 29,811 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adecco in a research report on Wednesday, September 9th. Morgan Stanley restated an “underweight” rating on shares of Adecco in a report on Tuesday, September 8th. Jefferies Financial Group raised shares of Adecco from a “moderate sell” rating to a “hold” rating in a research report on Thursday, September 10th. Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, BNP Paribas Exane raised shares of Adecco from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

Get Our Latest Stock Report on Adecco

Adecco Price Performance

Shares of OTCMKTS:AHEXY opened at $14.35 on Monday. Adecco has a 1 year low of $8.98 and a 1 year high of $16.26. The company has a market capitalization of $4.98 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94. The business has a fifty day moving average price of $14.57 and a two-hundred day moving average price of $12.29. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.15 and a quick ratio of 1.15.

Adecco (OTCMKTS:AHEXY – Get 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 analysts’ expectations of $6.83 billion. Adecco had a return on equity of 12.67% and a net margin of 1.25%. Analysts forecast that Adecco will post 1.45 earnings per share for the current year.

Adecco Company Profile

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Adecco is a global workforce solutions and talent advisory company headquartered in Zurich, Switzerland. It helps organizations recruit, place and manage employees across a range of industries, while also supporting job seekers with career opportunities, skills development and workforce guidance.

The company’s services include temporary and permanent staffing, recruitment, career transition and outplacement, talent development, outsourcing and workforce consulting. Adecco operates through brands and business lines that include Adecco for staffing and recruitment, Akkodis for technology and engineering consulting, and LHH for professional recruitment, leadership development and career transition services.

Adecco traces its history to the 1996 merger of the Swiss staffing company Adia and France’s Ecco.

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