Adecco Group AG (OTCMKTS:AHEXY) Short Interest Down 97.3% in March

Adecco Group AG (OTCMKTS:AHEXY) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 200 shares, a drop of 97.3% from the March 15th total of 7,300 shares. Based on an average daily volume of 33,900 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Royal Bank of Canada cut Adecco Group from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 10th.

Adecco Group Trading Down 1.3 %

AHEXY stock opened at $18.74 on Thursday. Adecco Group has a one year low of $14.77 and a one year high of $24.70. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 0.77 and a beta of 1.46. The company has a fifty day moving average price of $20.13 and a two-hundred day moving average price of $21.36. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.15 and a quick ratio of 1.15.

Adecco Group (OTCMKTS:AHEXY) last announced its earnings results on Thursday, February 29th. The business services provider reported $0.40 EPS for the quarter. The business had revenue of $6.58 billion during the quarter. Adecco Group had a net margin of 1.36% and a return on equity of 13.57%. Equities analysts anticipate that Adecco Group will post 1.72 EPS for the current year.

Adecco Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 2nd. Stockholders of record on Wednesday, April 17th will be given a $0.8351 dividend. This is an increase from Adecco Group’s previous dividend of $0.35. The ex-dividend date is Tuesday, April 16th. Adecco Group’s dividend payout ratio is presently 33.96%.

About Adecco Group

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.