Short Interest in Adyen (OTCMKTS:ADYEY) Increases By 409.3%

Adyen (OTCMKTS:ADYEYGet Rating) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totalling 759,900 shares, a growth of 409.3% from the April 15th total of 149,200 shares. Based on an average daily volume of 2,031,200 shares, the days-to-cover ratio is currently 0.4 days.

ADYEY has been the subject of several research reports. Berenberg Bank upgraded Adyen from a “hold” rating to a “buy” rating in a research report on Thursday, February 10th. Deutsche Bank Aktiengesellschaft raised Adyen from a “hold” rating to a “buy” rating in a research note on Tuesday, February 15th. Barclays raised Adyen from an “equal weight” rating to an “overweight” rating in a research note on Thursday, February 10th. Wells Fargo & Company initiated coverage on Adyen in a research note on Monday, April 4th. They set an “overweight” rating on the stock. Finally, Zacks Investment Research raised Adyen from a “sell” rating to a “hold” rating in a research note on Tuesday, March 29th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $2,075.00.

Shares of Adyen stock opened at $13.83 on Thursday. Adyen has a 52 week low of $13.71 and a 52 week high of $34.94. The business’s fifty day simple moving average is $18.25 and its 200-day simple moving average is $22.54.

About Adyen (Get Rating)

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 payments across merchants' sales channels, as well as online, mobile, in-store, and APIs; and data insights.

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