Short Interest in Adecco SA (OTCMKTS:AHEXY) Decreases By 72.7%

Adecco SA (OTCMKTS:AHEXY) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 300 shares, adeclineof72.7% from the July 15th total of 1,100 shares. Currently,0.0% of the shares of the company are sold short. Based on an average daily volume of 18,900 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 18,900 shares, the days-to-cover ratio is presently 0.0 days. Currently,0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Adecco in a research report on Tuesday. Cfra Research upgraded Adecco from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Adecco Price Performance

Shares of OTCMKTS AHEXY opened at $15.99 on Friday. The stock has a market cap of $5.39 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 1.35 and a beta of 1.20. Adecco has a fifty-two week low of $11.08 and a fifty-two week high of $17.47. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a fifty day moving average of $15.38 and a 200-day moving average of $14.24.

Adecco (OTCMKTS:AHEXY) last posted its quarterly earnings data on Tuesday, August 5th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.02). The business had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $5.72 billion. Adecco had a net margin of 1.26% and a return on equity of 10.85%. Equities research analysts anticipate that Adecco will post 1.32 earnings per share for the current year.

Adecco 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.