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

kopsource ·  Dec 28, 2022 10:51

Adecco Group AG (OTCMKTS:AHEXY – Get Rating) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 300 shares, a decrease of 80.0% from the November 30th total of 1,500 shares. Based on an average daily volume of 64,300 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

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

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Adecco Group Trading Up 0.5 %

Shares of AHEXY stock traded up $0.08 during trading hours on Wednesday, hitting $16.56. 16,965 shares of the company were exchanged, compared to its average volume of 28,715. The firm has a market cap of $5.58 billion, a P/E ratio of 8.41 and a beta of 1.33. 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 company has a 50 day simple moving average of $16.50 and a two-hundred day simple moving average of $16.24.

Adecco Group (OTCMKTS:AHEXY – Get Rating) last issued its earnings results on Thursday, November 3rd. The business services provider reported $0.45 earnings per share (EPS) for the quarter. Adecco Group had a return on equity of 14.81% and a net margin of 2.03%. The company had revenue of $6.09 billion for the quarter. Equities analysts anticipate that Adecco Group will post 1.86 EPS for the current year.

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.

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