Adecco Group AG (OTCMKTS:AHEXY) Short Interest Up 50.8% in November

Adecco Group AG (OTCMKTS:AHEXY) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 53,700 shares, an increase of 50.8% from the October 31st total of 35,600 shares. Based on an average daily volume of 270,700 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AHEXY shares. Royal Bank of Canada raised shares of Adecco Group from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, November 6th. BNP Paribas upgraded Adecco Group to a “hold” rating in a research report on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft raised Adecco Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd.

Adecco Group Trading Up 2.9 %

AHEXY stock traded up $0.37 during midday trading on Friday, hitting $13.32. 83,019 shares of the company’s stock were exchanged, compared to its average volume of 132,354. Adecco Group has a 1-year low of $12.76 and a 1-year high of $24.70. The business has a 50-day simple moving average of $15.29 and a two-hundred day simple moving average of $16.63. The stock has a market capitalization of $4.49 billion, a PE ratio of 13.88, a P/E/G ratio of 1.36 and a beta of 1.44. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78.

About Adecco Group

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.