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

Adyen (OTCMKTS:ADYEY) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 332,300 shares, a decline of 37.3% from the May 15th total of 529,700 shares. Based on an average daily trading volume, of 931,200 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Adyen Trading Up 2.3%

Shares of Adyen stock opened at $19.40 on Tuesday. The business’s 50-day moving average price is $17.61 and its 200-day moving average price is $16.57. Adyen has a 12 month low of $10.78 and a 12 month high of $19.94.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Evercore ISI upgraded Adyen to a “strong-buy” rating in a research report on Tuesday, April 8th. Truist Financial raised Adyen to a “strong-buy” rating in a report on Monday, June 2nd. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Adyen in a report on Friday, May 2nd. Finally, Morgan Stanley restated an “overweight” rating on shares of Adyen in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the company 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.