Short Interest in Adecco SA (OTCMKTS:AHEXY) Increases By 56.7%

Adecco SA (OTCMKTS:AHEXY) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 9,670 shares, a growth of 56.7% from the January 15th total of 6,172 shares. Based on an average daily trading volume, of 24,899 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 24,899 shares, the days-to-cover ratio is presently 0.4 days.

Adecco Stock Performance

Shares of AHEXY opened at $13.86 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.04 and a quick ratio of 1.04. The firm’s 50 day moving average is $14.30 and its 200-day moving average is $14.63. Adecco has a 12-month low of $12.03 and a 12-month high of $16.89. The stock has a market capitalization of $4.64 billion, a P/E ratio of 14.90, a P/E/G ratio of 1.08 and a beta of 1.04.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group cut shares of Adecco from a “hold” rating to a “moderate sell” rating in a research note on Thursday, January 8th. BNP Paribas Exane downgraded shares of Adecco from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Finally, Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

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.