Adecco SA (OTCMKTS:AHEXY) Sees Large Growth in Short Interest

Adecco SA (OTCMKTS:AHEXY) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 12,811 shares, a growth of 97.2% from the May 31st total of 6,498 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 45,254 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Morgan Stanley lowered shares of Adecco from a “cautious” rating to an “underweight” rating in a report on Tuesday, June 9th. Zacks Research lowered shares of Adecco from a “hold” rating to a “strong sell” rating in a research note on Friday, May 15th. UBS Group cut shares of Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Finally, Citigroup downgraded shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Adecco Trading Down 1.7%

Shares of OTCMKTS AHEXY opened at $9.18 on Wednesday. Adecco has a twelve month low of $8.98 and a twelve month high of $16.83. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73. The stock has a fifty day simple moving average of $10.36 and a 200-day simple moving average of $12.38. The stock has a market capitalization of $3.19 billion, a PE ratio of 8.75, a PEG ratio of 0.80 and a beta of 0.96.

Adecco (OTCMKTS:AHEXY) last posted its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. Adecco had a return on equity of 12.09% and a net margin of 1.31%.The firm had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.55 billion. On average, equities analysts forecast that Adecco will post 1.41 earnings per share for the current year.

Adecco Company Profile

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.