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

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) saw a significant 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. Approximately 0.0% of the shares of the company are short sold.

Adyen Price Performance

OTCMKTS:ADYEY opened at $9.79 on Friday. Adyen has a 1 year low of $9.72 and a 1 year high of $19.94. The business has a fifty day moving average of $12.33 and a 200-day moving average of $14.88.

Analyst Ratings Changes

ADYEY has been the topic of a number of research reports. Wolfe Research upgraded Adyen from a “hold” rating to an “outperform” rating in a research report on Thursday, January 8th. Morgan Stanley restated an “overweight” rating on shares of Adyen in a research note on Friday, January 9th. KeyCorp raised Adyen to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, Cantor Fitzgerald assumed coverage on Adyen in a research note on Monday, January 26th. They issued an “overweight” rating on the stock. Three analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to 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.