Adyen (OTCMKTS:ADYEY) Short Interest Up 55.4% in August

Adyen (OTCMKTS:ADYEY) was the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 615,800 shares, a growth of 55.4% from the July 31st total of 396,300 shares. Based on an average daily volume of 1,536,100 shares, the short-interest ratio is currently 0.4 days.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Barclays upgraded shares of Adyen to a “strong-buy” rating in a research note on Friday, August 16th. Citigroup upgraded Adyen to a “strong-buy” rating in a report on Friday, August 16th.

Adyen Price Performance

Shares of OTCMKTS ADYEY opened at $14.65 on Thursday. Adyen has a 1-year low of $6.55 and a 1-year high of $17.27. The business’s 50 day moving average is $12.46 and its two-hundred day moving average is $13.88.

About Adyen

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.