Is Buying ADIDAS AG ORDINARY SHARES GERMANY (OTCMKTS:ADDDF), Having Lower Short Interest a Winning Strategy?

June 16, 2018 - By Marry Poplack

adidas AG (OTCMKTS:ADDDF) Logo

The stock of ADIDAS AG ORDINARY SHARES GERMANY (OTCMKTS:ADDDF) registered a decrease of 2.1% in short interest. ADDDF’s total short interest was 1.28M shares in June as published by FINRA. Its down 2.1% from 1.30 million shares, reported previously. With 1,700 shares average volume, it will take short sellers 751 days to cover their ADDDF’s short positions. The short interest to ADIDAS AG ORDINARY SHARES GERMANY’s float is 0.67%.

The stock increased 1.87% or $4.3 during the last trading session, reaching $234. About 3 shares traded. adidas AG (OTCMKTS:ADDDF) has 0.00% since June 16, 2017 and is . It has underperformed by 12.57% the S&P500.

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. The company has market cap of $47.41 billion. It offers footwear; apparel; and hardware, such as bags and balls under the adidas and Reebok brands. It has a 32.85 P/E ratio. The firm is also involved in wholesale, retail, and e-commerce business activities related to the distribution of adidas and Reebok products to retail and end customers.

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