Adecco Group AG (OTCMKTS:AHEXY) Sees Significant Drop in Short Interest

Adecco Group AG (OTCMKTS:AHEXY) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 8,100 shares, a decline of 84.5% from the December 31st total of 52,400 shares. Based on an average daily volume of 440,600 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

AHEXY has been the topic of a number of analyst reports. BNP Paribas raised Adecco Group to a “hold” rating in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft upgraded shares of Adecco Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. began coverage on shares of Adecco Group in a research report on Thursday, December 5th. They issued an “underweight” rating on the stock. Finally, Royal Bank of Canada raised shares of Adecco Group from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Adecco Group Trading Down 0.8 %

AHEXY opened at $12.14 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.01. Adecco Group has a one year low of $11.08 and a one year high of $21.85. The company has a market cap of $4.09 billion, a P/E ratio of 12.65, a PEG ratio of 1.62 and a beta of 1.39. The business’s 50-day simple moving average is $12.43 and its 200-day simple moving average is $14.82.

Adecco Group (OTCMKTS:AHEXY) last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.37 EPS for the quarter. The company had revenue of $6.27 billion for the quarter. Adecco Group had a net margin of 1.28% and a return on equity of 12.71%. As a group, equities research analysts expect that Adecco Group will post 1.34 EPS for the current fiscal year.

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.