Adecco Group AG (OTCMKTS:AHEXY) Short Interest Up 2,000.0% in April

Adecco Group AG (OTCMKTS:AHEXY) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 4,200 shares, an increase of 2,000.0% from the March 31st total of 200 shares. Based on an average daily volume of 42,400 shares, the days-to-cover ratio is currently 0.1 days.

Adecco Group Stock Performance

Shares of Adecco Group stock opened at $17.35 on Friday. Adecco Group has a fifty-two week low of $14.77 and a fifty-two week high of $24.70. The firm has a market capitalization of $5.84 billion, a P/E ratio of 16.05, a P/E/G ratio of 0.71 and a beta of 1.46. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.15 and a quick ratio of 1.15. The company’s 50 day moving average price is $19.38 and its two-hundred day moving average price is $21.16.

Adecco Group (OTCMKTS:AHEXY) last posted its earnings results on Thursday, February 29th. The business services provider reported $0.40 EPS for the quarter. The firm had revenue of $6.58 billion during the quarter. Adecco Group had a return on equity of 13.57% and a net margin of 1.36%. On average, equities analysts forecast that Adecco Group will post 1.69 earnings per share for the current fiscal year.

Adecco Group Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, May 2nd. Investors of record on Wednesday, April 17th will be given a dividend of $0.8351 per share. This is a positive change from Adecco Group’s previous dividend of $0.35. The ex-dividend date of this dividend is Tuesday, April 16th. Adecco Group’s dividend payout ratio (DPR) is currently 77.36%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada downgraded Adecco Group from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 10th.

Adecco Group Company Profile

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.