Short Interest in Adecco Group AG (OTCMKTS:AHEXY) Declines By 95.1%

Defense World ·  Dec 14, 2022 02:22

Adecco Group AG (OTCMKTS:AHEXY – Get Rating) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 1,500 shares, a drop of 95.1% from the November 15th total of 30,900 shares. Based on an average daily trading volume, of 41,000 shares, the short-interest ratio is presently 0.0 days.

Adecco Group Trading Up 2.6 %

AHEXY stock opened at $16.85 on Wednesday. The firm has a fifty day moving average price of $16.03 and a 200 day moving average price of $16.43. Adecco Group has a fifty-two week low of $13.20 and a fifty-two week high of $27.60. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $5.68 billion, a PE ratio of 11.09 and a beta of 1.33.

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Analyst Ratings Changes

Several research firms have recently issued reports on AHEXY. Morgan Stanley cut shares of Adecco Group from an "equal weight" rating to an "underweight" rating in a research report on Monday, December 5th. Royal Bank of Canada reduced their price objective on shares of Adecco Group from CHF 48 to CHF 45 in a research report on Tuesday, November 8th. Finally, JPMorgan Chase & Co. cut their target price on shares of Adecco Group from CHF 30 to CHF 28 and set an "underweight" rating for the company in a report on Monday, October 17th. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $35.62.

Adecco Group Company Profile

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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, technology consulting and talent, tech academy, digital staffing services, and talent advisory and solutions under the Adecco, Adia, General Assembly, Badenoch + Clark, LHH, pontoon, Spring, and Modis.

Further Reading

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