adidas AG (OTCMKTS:ADDDF) Short Interest Down 7.0% in March

adidas AG (OTCMKTS:ADDDF) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,631,900 shares, a drop of 7.0% from the March 15th total of 1,754,200 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is presently 2,331.3 days.

adidas Stock Performance

OTCMKTS:ADDDF opened at $236.25 on Thursday. adidas has a 12-month low of $157.95 and a 12-month high of $236.25. The stock’s fifty day simple moving average is $208.88 and its 200-day simple moving average is $197.62.

About adidas

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.