Adecco SA (OTCMKTS:AHEXY) Sees Significant Drop in Short Interest

Adecco SA (OTCMKTS:AHEXY) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,340 shares, a decrease of 65.7% from the September 30th total of 3,903 shares. Based on an average daily volume of 14,193 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Adecco Price Performance

OTCMKTS AHEXY opened at $13.81 on Thursday. The business’s fifty day moving average is $14.28 and its 200 day moving average is $12.75. Adecco has a fifty-two week low of $8.98 and a fifty-two week high of $16.26. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $4.80 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 1.31 and a beta of 0.94.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $6.93 billion during the quarter, compared to analysts’ expectations of $6.83 billion. Adecco had a return on equity of 12.67% and a net margin of 1.25%. Sell-side analysts predict that Adecco will post 1.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AHEXY shares. BNP Paribas Exane raised shares of Adecco from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Jefferies Financial Group upgraded shares of Adecco from a “moderate sell” rating to a “hold” rating in a research report on Thursday, September 10th. Kepler Capital Markets cut shares of Adecco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adecco in a research report on Wednesday, September 9th. Finally, Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Adecco presently has an average rating of “Hold”.

About Adecco

Adecco, part of The Adecco Group, is a global workforce-solutions and human-resources services company. It connects businesses with temporary and permanent employees and provides recruitment, staffing, workforce management and related talent services across a range of industries, including office and administrative roles, manufacturing, logistics, technology and professional services.

The company also offers career transition and outplacement support, leadership development, skills training and consulting services.