Adecco Group AG (OTCMKTS:AHEXY) Short Interest Up 54.1% in December

Adecco Group AG (OTCMKTS:AHEXY) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 52,400 shares, an increase of 54.1% from the December 15th total of 34,000 shares. Based on an average daily volume of 519,000 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AHEXY. BNP Paribas upgraded Adecco Group to a “hold” rating in a report on Tuesday, November 12th. Royal Bank of Canada raised shares of Adecco Group from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. assumed coverage on shares of Adecco Group in a report on Thursday, December 5th. They issued an “underweight” rating for the company. Finally, Deutsche Bank Aktiengesellschaft raised shares of Adecco Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Adecco Group has a consensus rating of “Moderate Buy”.

Adecco Group Stock Performance

OTCMKTS:AHEXY traded up $0.15 during midday trading on Friday, reaching $11.69. The stock had a trading volume of 164,916 shares, compared to its average volume of 202,801. The firm’s fifty day simple moving average is $12.74 and its 200-day simple moving average is $15.16. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.01 and a quick ratio of 1.01. Adecco Group has a 1-year low of $11.08 and a 1-year high of $21.85. The stock has a market capitalization of $3.94 billion, a P/E ratio of 12.18, a PEG ratio of 0.98 and a beta of 1.39.

Adecco Group 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.