adidas AG (OTCMKTS:ADDDF) Short Interest Down 18.8% in July

adidas AG (OTCMKTS:ADDDF) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 613,600 shares, a drop of 18.8% from the July 15th total of 755,400 shares. Based on an average daily volume of 4,600 shares, the days-to-cover ratio is currently 133.4 days.

adidas Price Performance

OTCMKTS ADDDF opened at $240.78 on Friday. The company’s 50 day moving average is $240.24 and its 200-day moving average is $228.09. adidas has a 12-month low of $163.00 and a 12-month high of $270.25.

About adidas

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.