Adecco Group AG (OTCMKTS:AHEXY) Sees Significant Decline in Short Interest

Adecco Group AG (OTCMKTS:AHEXY) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 2,100 shares, a decrease of 87.1% from the January 31st total of 16,300 shares. Based on an average daily trading volume, of 207,000 shares, the days-to-cover ratio is currently 0.0 days.

Adecco Group Price Performance

Shares of OTCMKTS AHEXY opened at $13.45 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.01. Adecco Group has a one year low of $11.08 and a one year high of $21.23. The firm has a market capitalization of $4.53 billion, a P/E ratio of 14.01, a PEG ratio of 3.66 and a beta of 1.38. The company’s fifty day moving average is $12.16 and its two-hundred day moving average is $14.21.

Adecco Group (OTCMKTS:AHEXY) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.34 EPS for the quarter. Adecco Group had a net margin of 1.28% and a return on equity of 12.71%. The firm had revenue of $6.27 billion for the quarter. Analysts forecast that Adecco Group will post 1.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. BNP Paribas raised shares of Adecco Group to a “hold” rating in a report on Tuesday, November 12th. Royal Bank of Canada upgraded shares of Adecco Group from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. assumed coverage on Adecco Group in a research report on Thursday, December 5th. They set an “underweight” rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Adecco Group presently has an average rating of “Moderate Buy”.

About Adecco Group

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.