Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Short Interest Update

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 315,711 shares, an increase of 94.3% from the December 31st total of 162,475 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,279,859 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 1,279,859 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ADYEY. Jefferies Financial Group reaffirmed a “buy” rating on shares of Adyen in a research report on Wednesday, October 29th. KeyCorp upgraded shares of Adyen to a “strong-buy” rating in a research note on Friday, January 23rd. Wells Fargo & Company assumed coverage on shares of Adyen in a report on Tuesday, October 21st. They set an “overweight” rating on the stock. Cantor Fitzgerald began coverage on shares of Adyen in a report on Monday, January 26th. They issued an “overweight” rating for the company. Finally, Wolfe Research raised Adyen from a “hold” rating to an “outperform” rating in a report on Thursday, January 8th. Three investment analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

Adyen Stock Performance

Shares of OTCMKTS ADYEY opened at $14.77 on Friday. The firm has a 50 day moving average of $15.97 and a 200 day moving average of $16.47. Adyen has a 12-month low of $13.14 and a 12-month high of $19.94.

About Adyen

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.