Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Short Interest Up 94.3% in January

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) was the recipient 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 short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 1,279,859 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Adyen Stock Performance

ADYEY opened at $15.26 on Friday. Adyen has a one year low of $13.14 and a one year high of $19.94. The business’s 50 day moving average price is $15.97 and its 200 day moving average price is $16.50.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wolfe Research upgraded shares of Adyen from a “hold” rating to an “outperform” rating in a report on Thursday, January 8th. Jefferies Financial Group restated a “buy” rating on shares of Adyen in a research report on Wednesday, October 29th. Cantor Fitzgerald started coverage on Adyen in a research report on Monday. They set an “overweight” rating on the stock. Morgan Stanley reissued an “overweight” rating on shares of Adyen in a research note on Friday, January 9th. Finally, KeyCorp raised Adyen to a “strong-buy” rating in a research note on Friday, January 23rd. Three equities research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus 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.