Adyen (OTCMKTS:ADYEY) Short Interest Down 68.9% in May

Adyen (OTCMKTS:ADYEYGet Rating) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 236,000 shares, a drop of 68.9% from the April 30th total of 759,900 shares. Based on an average daily volume of 2,753,700 shares, the days-to-cover ratio is currently 0.1 days.

ADYEY opened at $15.04 on Thursday. The company’s 50 day moving average price is $17.64 and its two-hundred day moving average price is $21.38. Adyen has a fifty-two week low of $13.29 and a fifty-two week high of $34.94.

Several research analysts recently weighed in on ADYEY shares. KeyCorp cut their target price on Adyen from €2,750.00 ($2,925.53) to €2,500.00 ($2,659.57) in a research report on Thursday, February 10th. Deutsche Bank Aktiengesellschaft upgraded Adyen from a “hold” rating to a “buy” rating in a research note on Tuesday, February 15th. Piper Sandler began coverage on Adyen in a research report on Thursday, April 14th. They set an “overweight” rating for the company. Barclays raised Adyen from an “equal weight” rating to an “overweight” rating in a report on Thursday, February 10th. Finally, Zacks Investment Research raised Adyen from a “sell” rating to a “hold” rating in a report on Tuesday, March 29th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Adyen currently has an average rating of “Buy” and an average price target of $2,075.00.

Adyen Company Profile (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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