Adecco Group AG (OTCMKTS:AHEXY – Get Rating) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 12,300 shares, a drop of 86.4% from the October 15th total of 90,600 shares. Based on an average daily trading volume, of 99,400 shares, the days-to-cover ratio is currently 0.1 days.

Adecco Group Stock Performance

Shares of AHEXY stock traded up $0.86 during trading on Friday, reaching $18.59. 26,587 shares of the company's stock were exchanged, compared to its average volume of 57,684. Adecco Group has a twelve month low of $13.20 and a twelve month high of $27.60. The firm's fifty day moving average price is $15.05 and its 200-day moving average price is $16.67. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $6.26 billion, a PE ratio of 8.41 and a beta of 1.31.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Morgan Stanley reduced their target price on shares of Adecco Group from CHF 34.30 to CHF 33.10 and set an "equal weight" rating for the company in a report on Tuesday, August 16th. Royal Bank of Canada decreased their price objective on Adecco Group from CHF 48 to CHF 45 in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered their target price on Adecco Group from CHF 30 to CHF 28 and set an "underweight" rating on the stock in a research report on Monday, October 17th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Adecco Group presently has an average rating of "Hold" and an average price target of $35.62.

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, technology consulting and talent, tech academy, digital staffing services, and talent advisory and solutions under the Adecco, Adia, General Assembly, Badenoch + Clark, LHH, pontoon, Spring, and Modis.

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