Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Sees Significant Increase in Short Interest

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 949,939 shares, an increase of 35.7% from the February 26th total of 700,251 shares. Based on an average trading volume of 4,134,089 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Adyen Trading Up 0.3%

ADYEY traded up $0.03 during trading hours on Monday, hitting $9.82. The company’s stock had a trading volume of 222,763 shares, compared to its average volume of 1,709,055. The business’s 50-day moving average price is $12.33 and its 200-day moving average price is $14.87. Adyen has a 12 month low of $9.69 and a 12 month high of $19.94.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Cantor Fitzgerald assumed coverage on Adyen in a research report on Monday, January 26th. They issued an “overweight” rating on the stock. Wolfe Research upgraded Adyen from a “hold” rating to an “outperform” rating in a research note on Thursday, January 8th. KeyCorp upgraded shares of Adyen to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, Morgan Stanley restated an “overweight” rating on shares of Adyen in a research report on Friday, January 9th. Three investment analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat, Adyen has an average rating of “Buy”.

Adyen Company Profile

Adyen is a global payments technology company that provides an end-to-end platform for accepting and processing electronic payments across online, mobile and point-of-sale channels. Its core services include payment gateway and acquiring capabilities, fraud prevention and risk management, settlement and reconciliation, and tools for recurring and marketplace payments. The platform is designed to consolidate multiple payment functions into a single integration, enabling merchants to accept a wide range of local and international payment methods and currencies.

Founded in 2006 and headquartered in Amsterdam, Adyen was established by Pieter van der Does and Arnout Schuijff to simplify cross-border payments for international merchants.