Adecco SA (OTCMKTS:AHEXY) Short Interest Down 98.8% in July

Adecco SA (OTCMKTS:AHEXY) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 100 shares, a decline of 98.8% from the June 30th total of 8,561 shares. Based on an average trading volume of 22,987 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

A number of analysts recently commented on AHEXY shares. Morgan Stanley cut Adecco from a “cautious” rating to an “underweight” rating in a research report on Tuesday, June 9th. Zacks Research upgraded Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. UBS Group lowered shares of Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Citigroup cut shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Finally, BNP Paribas Exane raised shares of Adecco from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Adecco has an average rating of “Hold”.

Adecco Stock Performance

Shares of AHEXY stock traded up $0.06 during mid-day trading on Friday, reaching $13.44. 1,896 shares of the company’s stock traded hands, compared to its average volume of 23,381. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $4.67 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 1.04 and a beta of 0.98. Adecco has a 12 month low of $8.98 and a 12 month high of $16.83. The firm has a 50 day moving average price of $10.29 and a two-hundred day moving average price of $12.02.

Adecco (OTCMKTS:AHEXY) last announced its earnings results on Wednesday, May 13th. The business services provider reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.55 billion. Adecco had a return on equity of 12.09% and a net margin of 1.31%. On average, research analysts forecast that Adecco will post 1.35 EPS for the current year.

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.