Short Interest in ADECCO GRP AG/ADR (OTCMKTS:AHEXY) Drops By 40.5%

ADECCO GRP AG/ADR (OTCMKTS:AHEXY) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 2,500 shares, a drop of 40.5% from the August 15th total of 4,200 shares. Based on an average daily volume of 44,700 shares, the short-interest ratio is presently 0.1 days.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded ADECCO GRP AG/ADR from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Wednesday, August 12th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of ADECCO GRP AG/ADR in a research report on Friday, June 26th. Royal Bank of Canada reiterated an “outperform” rating on shares of ADECCO GRP AG/ADR in a research report on Wednesday, August 26th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of ADECCO GRP AG/ADR in a research report on Thursday, August 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $29.00.

Shares of OTCMKTS AHEXY traded up $0.33 during trading on Wednesday, reaching $27.93. The stock had a trading volume of 85,950 shares, compared to its average volume of 24,829. ADECCO GRP AG/ADR has a fifty-two week low of $15.60 and a fifty-two week high of $32.25. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.38 and a current ratio of 1.38. The business’s 50-day moving average price is $25.70 and its 200-day moving average price is $23.15. The company has a market cap of $9.11 billion, a P/E ratio of 73.50 and a beta of 1.31.

ADECCO GRP AG/ADR (OTCMKTS:AHEXY) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.07 earnings per share for the quarter. ADECCO GRP AG/ADR had a return on equity of 3.00% and a net margin of 0.53%. The business had revenue of $4.60 billion during the quarter. Analysts forecast that ADECCO GRP AG/ADR will post 1.06 EPS for the current fiscal year.

ADECCO GRP AG/ADR Company Profile

Adecco Group AG, together with its subsidiaries, provides workforce solutions to businesses and organizations worldwide. The company provides temporary staffing, permanent placement, and outsourcing services for clerical and support personnel in the areas of office-based employment; and candidates for blue collar job profiles across various industrial and service sectors under the Adecco brand names, as well as recruitment on demand and online staffing platform for hospitality and events under Adia brand name.

See Also: Marijuana Stocks Future Looks Bright

Receive News & Ratings for ADECCO GRP AG/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ADECCO GRP AG/ADR and related companies with's FREE daily email newsletter.