Adyen (OTCMKTS:ADYEY) Sees Significant Decrease in Short Interest

Adyen (OTCMKTS:ADYEY) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 410,600 shares, a decline of 21.4% from the March 31st total of 522,200 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,124,600 shares, the short-interest ratio is currently 0.2 days.

Adyen Stock Up 0.5 %

Shares of OTCMKTS ADYEY opened at $16.21 on Friday. The business’s fifty day moving average price is $16.20 and its 200-day moving average price is $15.65. Adyen has a one year low of $10.78 and a one year high of $19.39.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ADYEY. Monness Crespi & Hardt raised Adyen from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Evercore ISI raised shares of Adyen to a “strong-buy” rating in a research report on Tuesday, April 8th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Adyen in a research report on Friday, March 7th. One research analyst has rated the stock with a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Adyen presently has a consensus rating of “Strong Buy”.

Adyen Company Profile

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.