adidas AG (OTCMKTS:ADDYY) Short Interest Up 60.0% in February

adidas AG (OTCMKTS:ADDYY) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 8,000 shares, a growth of 60.0% from the January 31st total of 5,000 shares. Based on an average daily trading volume, of 54,700 shares, the days-to-cover ratio is presently 0.1 days.

adidas Price Performance

ADDYY stock opened at $127.59 on Friday. The company has a market capitalization of $45.56 billion, a P/E ratio of 98.15 and a beta of 1.19. adidas has a 52-week low of $99.34 and a 52-week high of $137.73. The business has a 50-day simple moving average of $128.38 and a two-hundred day simple moving average of $124.32. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.32.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ADDYY. GAMMA Investing LLC lifted its position in shares of adidas by 13.3% during the fourth quarter. GAMMA Investing LLC now owns 897 shares of the company’s stock valued at $109,000 after purchasing an additional 105 shares in the last quarter. Mar Vista Investment Partners LLC lifted its position in shares of adidas by 2.6% during the 4th quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company’s stock worth $3,556,000 after buying an additional 731 shares in the last quarter. Finally, Madison Investment Advisors LLC purchased a new position in shares of adidas in the 4th quarter worth approximately $2,437,000.

Analyst Ratings Changes

Separately, Sanford C. Bernstein upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

About adidas

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.