adidas AG (OTCMKTS:ADDYY) Short Interest Up 122.9% in March

adidas AG (OTCMKTS:ADDYY) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 24,300 shares, a growth of 122.9% from the March 15th total of 10,900 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 75,100 shares, the days-to-cover ratio is currently 0.3 days.

adidas Price Performance

adidas stock opened at $111.36 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.32. The company has a market capitalization of $39.77 billion, a price-to-earnings ratio of 85.66 and a beta of 1.14. The company’s 50 day simple moving average is $121.97 and its 200-day simple moving average is $123.07. adidas has a 1 year low of $99.40 and a 1 year high of $137.73.

Hedge Funds Weigh In On adidas

A number of hedge funds and other institutional investors have recently bought and sold shares of ADDYY. GAMMA Investing LLC raised its position in adidas by 13.3% in the 4th 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. Rhumbline Advisers lifted its position in shares of adidas by 7.9% during the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock worth $1,139,000 after purchasing an additional 709 shares during the last quarter. Mar Vista Investment Partners LLC raised 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 acquiring an additional 731 shares in the last quarter. Finally, Madison Investment Advisors LLC acquired a new position in adidas in the fourth quarter valued at approximately $2,437,000.

Analyst Ratings Changes

ADDYY has been the topic of a number of research reports. Sanford C. Bernstein raised shares of adidas from a “market perform” rating to an “outperform” rating in a research note on Monday, January 6th. Hsbc Global Res raised shares of adidas from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock 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.