adidas AG (OTCMKTS:ADDDF) Sees Significant Decrease in Short Interest

adidas AG (OTCMKTS:ADDDF) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 277,900 shares, a drop of 52.5% from the February 28th total of 585,400 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is presently 397.0 days.

adidas Price Performance

OTCMKTS:ADDDF opened at $237.95 on Friday. The stock has a fifty day moving average of $256.40 and a 200 day moving average of $248.38. adidas has a 52-week low of $207.80 and a 52-week high of $274.60.

adidas Company Profile

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.