Adecco SA (OTCMKTS:AHEXY) Stock Short Interest Climbs 279.3%

Adecco SA (OTCMKTS:AHEXY) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 512 shares, an increase of 279.3% from the August 31st total of 135 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 29,403 shares, the days-to-cover ratio is presently 0.0 days.

Adecco Stock Down 0.3%

Adecco stock opened at $14.70 on Friday. The firm has a fifty day moving average price of $14.42 and a two-hundred day moving average price of $12.15. Adecco has a fifty-two week low of $8.98 and a fifty-two week high of $16.26. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 1.41 and a beta of 0.96. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.15 and a quick ratio of 1.15.

Adecco (OTCMKTS:AHEXY) last released its earnings results on Thursday, August 6th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $6.93 billion for the quarter, compared to analyst estimates of $6.83 billion. Adecco had a return on equity of 12.67% and a net margin of 1.25%. As a group, analysts forecast that Adecco will post 1.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AHEXY has been the subject of a number of research reports. Morgan Stanley reissued an “underweight” rating on shares of Adecco in a research note on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adecco in a research note on Wednesday, September 9th. Jefferies Financial Group raised Adecco from a “moderate sell” rating to a “hold” rating in a research note on Thursday, September 10th. Zacks Research upgraded Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, BNP Paribas Exane raised Adecco from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Adecco Company Profile

Adecco, part of The Adecco Group, is a global workforce solutions and talent advisory company headquartered in Zurich, Switzerland. The company connects businesses with workers through temporary staffing, permanent placement and recruitment services across a broad range of industries and skill levels.

Its offerings also include workforce outsourcing, career transition and outplacement, professional development, talent consulting and other human resources services. The Adecco Group operates through brands including Adecco, LHH and Akkodis, which provides engineering, information technology and digital consulting services.

The company traces its history to the 1996 merger of the Swiss staffing firm Adia and France-based Ecco.