adidas AG (OTCMKTS:ADDDF) Short Interest Down 7.0% in March

adidas AG (OTCMKTS:ADDDF) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,631,900 shares, a drop of 7.0% from the March 15th total of 1,754,200 shares. Based on an average trading volume of 700 shares, the days-to-cover ratio is currently 2,331.3 days.

adidas Price Performance

Shares of OTCMKTS ADDDF opened at $236.25 on Thursday. adidas has a 1-year low of $157.95 and a 1-year high of $236.25. The stock’s 50-day moving average is $208.88 and its 200 day moving average is $197.62.

adidas Company Profile

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.