Adecco SA (OTCMKTS:AHEXY) Short Interest Up 1,340.8% in May

Adecco SA (OTCMKTS:AHEXY) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 5,086 shares, a growth of 1,340.8% from the April 30th total of 353 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 58,728 shares, the days-to-cover ratio is currently 0.1 days.

Adecco Stock Performance

AHEXY stock traded up $0.13 during trading hours on Wednesday, hitting $10.15. 27,809 shares of the stock were exchanged, compared to its average volume of 26,433. Adecco has a 12 month low of $9.25 and a 12 month high of $16.83. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $3.53 billion, a P/E ratio of 9.67, a P/E/G ratio of 0.84 and a beta of 0.99. The company has a 50-day simple moving average of $11.33 and a two-hundred day simple moving average of $13.21.

Adecco (OTCMKTS:AHEXY) last announced its earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Adecco had a net margin of 1.31% and a return on equity of 12.36%. The company had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.55 billion. On average, analysts forecast that Adecco will post 1.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on AHEXY. Citigroup downgraded shares of Adecco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, April 30th. Zacks Research cut shares of Adecco from a “hold” rating to a “strong sell” rating in a report on Friday, May 15th. Finally, UBS Group downgraded shares of Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

About Adecco

Adecco Group AG is a global human resources and workforce solutions provider headquartered in Zurich, Switzerland. The company specializes in temporary staffing, permanent placement, career transition, and talent development services. Its core business activities include matching job seekers with client companies, managing contingent workforce solutions, and offering consulting services related to workforce management and organizational effectiveness.

Founded in 1996 through the merger of the Swiss companies Adia Interim and ECCO, Adecco has grown into one of the world’s largest staffing firms.