Adyen (OTCMKTS:ADYYF) Short Interest Up 49.5% in May

Adyen (OTCMKTS:ADYYFGet Rating) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 146,500 shares, an increase of 49.5% from the April 30th total of 98,000 shares. Based on an average daily trading volume, of 900 shares, the short-interest ratio is currently 162.8 days.

Several research firms recently weighed in on ADYYF. Piper Sandler began coverage on shares of Adyen in a research report on Thursday, April 14th. They set a “buy” rating and a $1,810.00 price target for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $2,750.00 target price on shares of Adyen in a research report on Friday, April 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $2,186.67.

Shares of ADYYF opened at $1,607.00 on Friday. The firm’s 50 day simple moving average is $1,755.16 and its 200 day simple moving average is $2,114.65. Adyen has a 1-year low of $1,330.35 and a 1-year high of $3,300.00.

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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