adidas AG (OTCMKTS:ADDDF) Sees Large Decline in Short Interest

adidas AG (OTCMKTS:ADDDF) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totalling 349,200 shares, a decline of 31.0% from the November 30th total of 506,000 shares. Based on an average trading volume of 500 shares, the days-to-cover ratio is currently 698.4 days.

adidas Price Performance

OTCMKTS:ADDDF opened at $247.63 on Monday. adidas has a 52 week low of $175.25 and a 52 week high of $270.25. The firm has a 50 day moving average of $239.16 and a 200 day moving average of $242.87.

About adidas

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.