Adyen (OTCMKTS:ADYEY – Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 328,300 shares, a drop of 78.2% from the February 28th total of 1,502,700 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,407,900 shares, the days-to-cover ratio is presently 0.2 days.
Adyen Stock Performance
OTCMKTS ADYEY opened at $15.73 on Thursday. Adyen has a 52-week low of $10.78 and a 52-week high of $19.39. The company has a 50-day simple moving average of $16.89 and a 200 day simple moving average of $15.55.
Analyst Ratings Changes
Separately, Morgan Stanley restated an “overweight” rating on shares of Adyen in a research note on Friday, March 7th.
About Adyen
Adyen N.V. operates a payments platform in Europe, the Middle East, Africa, North America, the Asia Pacific, Latin America. The company's platform integrates payments stack that include gateway, risk management, processing, issuing, acquiring, and settlement services. It offers a back-end infrastructure for authorizing.
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