Short Interest in Adecco Group AG (OTCMKTS:AHEXY) Increases By 266.7%

Adecco Group AG (OTCMKTS:AHEXY) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 7,700 shares, a growth of 266.7% from the February 13th total of 2,100 shares. Based on an average daily volume of 176,500 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Adecco Group Price Performance

OTCMKTS AHEXY opened at $15.10 on Friday. The stock’s 50-day moving average price is $12.59 and its two-hundred day moving average price is $14.09. Adecco Group has a 1 year low of $11.08 and a 1 year high of $20.21. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78. The company has a market cap of $5.09 billion, a PE ratio of 15.73, a PEG ratio of 3.66 and a beta of 1.38.

Adecco Group (OTCMKTS:AHEXY) last issued its earnings results on Wednesday, February 26th. The business services provider reported $0.34 earnings per share (EPS) for the quarter. The company had revenue of $6.27 billion during the quarter. Adecco Group had a net margin of 1.28% and a return on equity of 12.71%. On average, analysts predict that Adecco Group will post 1.32 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. began coverage on shares of Adecco Group in a report on Thursday, December 5th. They issued an “underweight” rating for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Adecco Group currently has a consensus rating of “Moderate Buy”.

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.