Adobe

ADBE

Adobe Inc. ( ə-DOH-bee) is an American multinational computer software company. Incorporated in Delaware and headquartered in San Jose, California, it has historically focused upon the creation of multimedia and creativity software products, with a more recent foray towards digital marketing software. Adobe is best known for its Adobe Flash web software ecosystem, Photoshop image editing software, Adobe Illustrator vector graphics editor, Acrobat Reader, the Portable Document Format (PDF), and Adobe Creative Suite, as well as its successor Adobe Creative Cloud.Adobe was founded in December 1982 by John Warnock and Charles Geschke, who established the company after leaving Xerox PARC to develop and sell the PostScript page description language. In 1985, Apple Computer licensed PostScript for use in its LaserWriter printers, which helped spark the desktop publishing revolution.As of 2019, Adobe has more than 21,000 employees worldwide, about 40% of whom work in San Jose. Adobe also has major development operations in the United States in Newton, New York City, Minneapolis, Lehi, Seattle, and San Francisco. It also has major development operations in Noida and Bangalore in India.

Adobe has been a target of short sellers for a while. The current short interest of 4.55% is roughly at the average of the last 12 months (3.95%).