Short Interest in Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Grows By 44.7%

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 174,593 shares, a growth of 44.7% from the November 30th total of 120,618 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,620,401 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 1,620,401 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ADYEY shares. Wells Fargo & Company started coverage on shares of Adyen in a report on Tuesday, October 21st. They issued an “overweight” rating for the company. Jefferies Financial Group reissued a “buy” rating on shares of Adyen in a research note on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Adyen has a consensus rating of “Buy”.

Adyen Price Performance

OTCMKTS:ADYEY opened at $16.08 on Monday. Adyen has a fifty-two week low of $13.14 and a fifty-two week high of $19.94. The business has a 50 day moving average price of $16.07 and a 200-day moving average price of $16.82.

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.