Short Interest in Adecco Group AG (OTCMKTS:AHEXY) Increases By 200.0%

kopsource ·  Jan 17, 2023 12:32

Adecco Group AG (OTCMKTS:AHEXY – Get Rating) was the target of a significant growth in short interest in December. As of December 30th, there was short interest totalling 900 shares, a growth of 200.0% from the December 15th total of 300 shares. Based on an average daily volume of 49,700 shares, the days-to-cover ratio is currently 0.0 days.

Adecco Group Price Performance

Shares of AHEXY stock traded up $0.25 during trading hours on Tuesday, hitting $17.91. 11,200 shares of the company's stock were exchanged, compared to its average volume of 18,568. The stock's 50-day moving average is $17.06 and its 200-day moving average is $16.25. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 9.14 and a beta of 1.31. Adecco Group has a 52 week low of $13.20 and a 52 week high of $27.60.

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Adecco Group (OTCMKTS:AHEXY – Get Rating) last announced its earnings results on Thursday, November 3rd. The business services provider reported $0.45 EPS for the quarter. The company had revenue of $6.09 billion for the quarter. Adecco Group had a return on equity of 14.81% and a net margin of 2.03%. As a group, research analysts forecast that Adecco Group will post 1.87 EPS for the current year.

Wall Street Analysts Forecast Growth

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

About Adecco Group

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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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