Short Interest in Adecco Group AG (OTCMKTS:AHEXY) Decreases By 71.1%

Defense World ·  Mar 1, 2023 04:04

Adecco Group AG (OTCMKTS:AHEXY – Get Rating) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 6,300 shares, a drop of 71.1% from the January 31st total of 21,800 shares. Based on an average daily trading volume, of 23,600 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Morgan Stanley downgraded 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 dropped their target price on shares of Adecco Group from CHF 48 to CHF 45 in a research report on Tuesday, November 8th. Four equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company's stock. According to MarketBeat, Adecco Group presently has a consensus rating of "Reduce" and an average target price of $35.62.

Get Adecco Group alerts:

Adecco Group Price Performance

Shares of OTCMKTS AHEXY opened at $17.73 on Wednesday. Adecco Group has a twelve month low of $13.20 and a twelve month high of $23.81. The firm has a 50-day moving average of $18.05 and a two-hundred day moving average of $16.60. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 11.66 and a beta of 1.32. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69.

About Adecco Group

(Get Rating)

Adecco Group AG operates as a talent advisory and solutions company. It provides human capital solutions including flexible placement, permanent placement, career transition, outsourcing, consulting, training, up-/re-skilling, and other services. It operates through the following geographical segments: France; Adecco Northern Europe; Adecco DACH; Adecco Southern Europe & EEMENA; Adecco Americas; Adecco APAC; LHH (Talent Solutions); and Modis.

Featured Stories

  • Get a free copy of the research report on Adecco Group (AHEXY)
  • Will Q4 Results Send Zoom Video Stock Higher?
  • Is Amazon a Blue Chip Stock?
  • Occidental Petroleum Pulls Back To The Sweet Spot
  • Should You Take a Cruise in Royal Caribbean Stock?
  • Is Target Stock Aiming For A Breakout In 2023?

Receive News & Ratings for Adecco Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adecco Group and related companies with's FREE daily email newsletter.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment